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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

Relocation >Help Your Real Estate Agent

Once your home is listed for sale, it may be difficult for you to step aside and let your agent take over. When prospective buyers arrive, you may want to stand by to point out the closet extenders, the hidden spice cabinet behind the kitchen door, the energy-saving storm windows or the updated copper plumbing. If you really want to help, however, you will leave the house whenever it is being shown!

We have found that the sales process does not really begin until buyers have begun to voice their objections about a property. Sometimes these concerns are serious enough to remove your house from consideration. Often, however, people voice objections as an automatic response when they really love the house and want to buy it. Real estate professionals are trained to know the difference.

If a seller is standing at the agent's elbow, the buyer won't be comfortable enough to allow the process of raising objections take place. If the buyer feels intimidated or suppressed, we could lose the sale. The best way to help is to give your real estate agent room to make the sale.

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Real Estate Trivia

Q 
The upper walls of what famous holy temple are lined with gold?

A 
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs.
See More Real Estate Trivia >

Alicia and Chris Demarest, REALTOR®, real estate agent and broker for Springdale, Rogers and Bentonville, Arkansas home listings, property and land for sale - NUMBER1EXPERT

Alicia and Chris Demarest
Lindsey & Associates

1200 E. Joyce
Fayetteville
AR, 72703
Alicia: 479-236-0396
Chris: 479-236-0395
Fax: 479-527-8719
Text: 479-236-0395
Email: Chris@ChrisDemarest.com
Email: Alicia@AliciaDemarest.com

Chris & Alicia Demarest are top licensed Realtors in Northwest Arkansas. Their years of experience in customer service and construction have helped them develop a UNIQUE system for Real Estate service. If you are ready for a different approach to your Real Estate Needs contact them today.

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