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A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker
Option
The agreement to keep an offer to purchase or
lease open for a specific period of time
Option listing
An agreement by which the broker advertising the
property has the right to purchase the listed property himself
Origination fee
A fee paid to the lender for processing a loan
application
Owner financing
A property transaction for which the seller
provides all or part of the financing to the buyer
Owner's Title Insurance
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback.
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Alex Milshteyn, GRI, ABR Edward Surovell Realtors 1898 W. Stadium Blvd. Ann Arbor, MI 48103 Phone: (734) 417-3560 Fax: (734) 661-6393 E-mail: alex@alexmi.com
Experience is what really matters in the real estate industry. With my years of experience you can be assured that your real estate goals will be achieved. Real estate is my passion and it is a career that I love. I enjoy working with people and helping them achieve their goals. There is never a challenge that I would pass up in the real estate world.
My goal is not just to sell real estate, but to educate my clients so they can make their own best decisions. I work closely with them to ensure that all their expectations are being exceeded and that their transaction goes as smoothly as possible. My former clients have commented on how clearly and effectively I have been able to communicate. I always provide my clients with the best service.
My passion for real estate and your real estate goals can only equal success for you. I know that I will be able to help you with all your real estate needs. Please browse my website for more information about real estate and what I can do for you.
For all your real estate needs in Ann Arbor and Washtenaw County, call or e-mail me!
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