Real Estate

3. Money- When you make an offer to buy property.
5. Rules designed to maintain property values and protect the interests of all property owners.
6. Conditions that limit a buyer’s liability in case one or more of them are not met.
11. An application that judges how much money you are allowed to borrow based on your income etc.
12. Insurance- Protects the buyer from claims arising from a defective title.
14. Legally established ownership.
15. Origination Fee- The amount charged by a bank or other lender to process the loan papers.
17. Value- For purposes of computing property taxes owed against your property. The city or country in which you live annually sets it.
19. legal document that transfers title of real property from one party to another.

1. Report- A report the Inspector writes based on the shape of the house.
2. Acceptance-A formal agreement to the terms of the buyers offer, forming a contract in between parties.
4. Account- Fund where money is held by a financial institution to pay amounts that will come due during the year.
7. The difference between the market value of property and the amount owed on it.
8. Value- Real estate appraisers come look at the current condition of the property.
9. A loan to purchase real property.
10. counter offer- A rejection of the original offer with a listing of what terms would be acceptable.
13. shelter- A legal write-off that reduces tax liability.
16. Value- The highest price that the property will bring on the market.
18. closer- An independent person who gathers information and prepares the closing statement and makes sure that the title passes to the buyer.