Real Estate

What is a purchase and sale agreement? The purchase and sale agreement is a legal contract that binds a seller of a property and its […]

What is property tax? Property tax is a tax paid by the owner of the property to the local government or state where the house

What does procuring cause mean? A procuring cause in real estate is the interaction between clients (a seller or a buyer) and a real estate

What is price per square foot? The price per square foot is the amount of money a buyer will pay for every square foot in

What is price adjustment? Price adjustment is the price modification process performed when a real estate agent or an appraiser is estimating the value of

What does pre-qualification mean? Pre-qualification is an unofficial estimation of how much money a lender is willing to give you based on information collected from

Lenders want you to borrow money and pay it off based on the terms of the loan. Most financial products such as loans and mortgages

What does pocket listing mean? A pocket listing is a listing where the seller works with his agent to sell the house on a private

What does pending short sale mean? When buying a house, you will come across multiple listing statuses. One of these statuses is a pending short

What is a PUD? A planned unit development or PUD for short is a community of buildings such as single-family homes, condos, multi-family homes, etc.