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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

M

Majority

The age at which an individual is legally entitled to handle his or her own affairs

Margin

The amount added to the index on an adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a given time

Market value, or Fair market value

The most likely price that a piece of property or home can realistically be sold for, and is dependent on the selling price of similar real estate in the area

Marketable title

A clear, unencumbered title, reasonably acceptable without the threat of the risk of litigation

Maturity

The date on which the principal balance of a loan, bond, or other financial commitment is due and payable

Mechanic's lien

A lien created by statute to allow unpaid contractors, laborers or suppliers who have performed work on or furnished materials for the construction of a building to recover the value of their work

Metes and Bounds

Means for describing property by a set of directions and distances, when there isn't identification based on a surveyed lot number

Minor

An individual below the age at which he or she is legally entitled to handle his or her own affairs

Monument of Survey

le indications made on natural or man-made objects that indicate the boundaries of a survey

Mortgage

A legal document that pledges a property to the lender as security for the payment of a loan or debt

Mortgage broker

An individual or company that acts as an agent between borrowers and lenders for the purpose of arranging and negotiating mortgage contracts; who is paid a fee for such service

Mortgage insurance

A contract that guarantees the lender against loss caused by a mortgagor's default on a government or conventional mortgage; such insurance can be issued by a private company or by a government agency, and covers either only a percentage, or the total, of the mortgage loan

Mortgagee

The lender in a mortgage transaction

Mortgagor

The borrower in a mortgage transaction

Multiple-listing service (MLS)

An organization of brokers who share their listing agreements with one another in order to find buyers for their properties more effectively than they could individually

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Tips
First Time Buyers >The Elements of Location

When you are in the market for a home, how should you evaluate the properties that appeal to you? There is an old cliché about the three most important factors of a piece of property--location, location and location.

Some neighborhoods have a certain distinction that attracts buyers, but there are other factors to take into account. A house in the best part of town may have a few points subtracted if it is located on a busy street. There are buyers who would like to be close to schools, shopping, and churches, but don't want to live across the street from these facilities. You may want an easy commute to your job, but would not consider a location close to the "on" ramp for the major route into town. A location close to a airport could be convenient if you are a commercial pilot, but could make it difficult to sell even the most wonderful house.

As you balance all of the factors, remember that a location liability which gets you a great house at a reasonable price will probably require you to pass a similar savings on to future buyers.

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Real Estate Trivia
Q 
Which home is #1 on the Top 10 list for most-visited Historic Home in the United States?

A 
Graceland, the palatial home of Elvis Presley in Memphis, TN, attracts 600,000 visitors a year.
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Glenna Nesbitt and Shelton Floyd, REALTOR®, real estate agent and broker for Shreveport and Bossier City, Louisiana home listings, property and land for sale - NUMBER1EXPERT

Glenna Nesbitt and Shelton Floyd
Coldwell Banker J. Wesley Dowling & Associates

8805 Line Avenue Suite 100
Shreveport, Louisiana 71106
Glenna Direct Line: 318-869-5833
Shelton Mobile: 318-422-1102
Main Office: 318-861-2461
info@HomesofLouisiana.com

`Glenna and Shelton have been Shreveport residents for over 50 years with a combined real estate experience of over 30 years. Glenna and Shelton were awarded the International President’s Circle-Coldwell Banker, and the Circle of Excellence-Coldwell Banker. They are Top Producers and Certified Luxury Home Specialists. Call or email today - The Number 1 Team in Shreveport since 2002.

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