Real Estate

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. […]

Meaning of a pending status Buying a house is always stressful and time-consuming. Without proper guidance and know-how skills, you may not be able to

What is PITI? PITI stands for principal, interest, taxes, and insurance, according to Personal Capital. The combination of these four elements makes up the total

What does offer and acceptance mean? Buying and selling a house can be very frustrating. Everyone involved in the process takes a break only after

What does negative amortization mean? A negative amortization loan is a loan that lets the borrower makes a minimum payment that does not cover the

What does new construction mean? New construction refers to the building that was recently built and has not previously been occupied, according to Redfin. New

What is a notice of default? A notice of default is a letter from the moneylender addressed to the borrower after failing to make their

What does net proceeds mean? The net proceeds are the amount of money a seller of an asset keeps after all expenses are paid off.

What is NAR? The National Association of REALTORS® a.k.a NAR is an organization that is formed by real estate agents, REALTORS®, brokers, and other real

What does mutual acceptance means? Mutual acceptance is the agreement between a buyer and the seller of a house about the prices, terms, and conditions