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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

O

Open listing

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

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
Pricing >Comparables

To take much of the guesswork out of your consideration about whether a particular property is a good investment, you can check on the actual selling price of similar homes in the neighborhood.

Some sales information, such as the selling price, the financing terms, and the transaction dates, is public information. Your real estate agent will have record of all recent sales. You can find out how properties have been appreciating, based on actual sales, rather than from the neighbors (they could be wrong!). Driving by comparable homes can give you an idea about how they compare with the property you are considering. Your real estate agent may have seen these homes and can give you additional information to help you make a decision.

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Real Estate Trivia
Q 
Where can you find the world's largest residential palace?

A 
The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage.
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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.

CRS ABR MLS REALTOR ERC RELO Equal Housing



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