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Waiver |
The relinquishing of a right |
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Warranty |
A guarantee provided to the purchases regarding
the quality of appliances or fixtures sold
Also a promise by the grantor of
a piece of property that he or she is responsible to the buyer if the title of
ownership is defect in any way |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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Wraparound loan or Wraparound
mortgage |
A method of refinancing which covers the
remaining balance on an existing first mortgage as well as the additional
amount of loan being requested by the mortgagor; full payments covering both
mortgages are made to the Wraparound mortgagee, who then forwards on the
portion of payment due to the first mortgagee |
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Did I Miss the Word YOU Are Looking For? 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. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What are considered the ideal conditions for a buyer's market?
|
| A |
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
 See More Real Estate Trivia > |
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Bob Kelly
Keller Williams Real Estate
637 Main St.
Stroudsburg, PA 18360
PA License #RS287521
Direct: 570-242-4400
Office: 570-421-2890 x4884
Fax: 570-227-0062
Toll Free: 1-866-410-5355
bob@kellyrealtygroup.com
I pride myself on knowing the area and information surrounding it. The Poconos Region is changing rapidly and it is my job to know what economic and social influences are, or will be affecting areas with-in our region. This way I can best assist you in locating to the best area possible. If you choose to make the move to the beautiful Poconos area, you can count on me and any of my team members to provide superior service to you and your family, no matter how large or small the task. Simply just ask. We look forward to working for you.
 
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