Real Estate Definition – Appreciat...

Appreciation  – The increase in the value of a property due to changes in market conditions, inflation, or other causes.  - Jeff Buettner Real Estate Wiz...

Real Estate Definition – Appraised...

Appraised Value – The dollar figure for a property’s estimated fair market value, based on an appraiser’s knowledge, experience, and analysis of the property and comparable properties near by. - Jeff Buettner Real Estate Wiz Kid Who do I talk to about about initiating a short sale in...

Real Estate Defintion – Loss Mitig...

Loss Mitigation – Loss Mitigation is a term used to describe a few different positions. The term is pretty much self defined. People who work in loss mitigation do their best to mitigate or minimize loss. This term can be used to describe a realtor or firm who mitigates the loss of a homeowner by negotiating a short sale. The term can also describe the department in a bank set up to minimize the loss on the bank’s behalf. These usually are the people you want to contact to talk about a short sale - Jeff Buettner Real Estate Wiz Kid I would like to talk to a...

Real Estate Definition – Purchase ...

A purchase agreement is an agreement between a buyer and seller for the purchase of real estate. This can also be called a purchase contract. In short sales multiple purchase contracts can be submitted to the bank who ultimately makes the decision for the seller in the short sale.Thanks for reading. - – Jeff Buettner Real Estate Wiz...

Real Estate Defintion – Closing...

Closing is defined as the final settlement of real estate transaction between buyer and seller. - Jeff Buettner Real Estate Wiz...

Real Estate Defintion – Real Estat...

I thought it would be interesting to define real estate for everyone. Give everyone a technical definition for real estate just in case some didn’t know. Real estate is by far one of the most to the point words you can look up in Real Estate. Real Estate according to dictionary.com is plain and simple, real property. when You click on the link for real property it gives you a slightly more detailed answer. It calls real property an estate or property consisting of lands and of all appurtenances to lands, as buildings, crops, or mineral rights. So my conclusion for...

Real Estate Definition – Trustee&#...

A foreclosure sale conducted by a trustee under the stipulations of a Deed of Trust. Upon default of a mortgage, the trustee is authorized to foreclosure the mortgage and put the property up for a trustee’s sale (can also be called a foreclosure auction). The proceeds of the sale are distributed by the trustee according to the priorities listed in the deed of trust. - Jeff Buettner Real Estate Wiz Kid The bank is going to foreclose! What do I...

Real Estate Definition – Lien...

Lien – A charge againist property making it security for the payment of a debt, judgement, mortgage, or taxes; a lien is a type of encumbrance. Make sure you understand that a lien makes the property collateral for a debt. some liens may allow the property to be sold to satisfy a debt ( foreclosure auction) . - Jeff Buettner Real Estate Wiz Kid What is the Phoenix real estate market like...