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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 |
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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 |
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Origination fee |
A fee paid to the lender for processing a loan
application |
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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 |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Nearly every state has a mandate for seller disclosure. What must a seller disclose?
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| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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 See More Real Estate Trivia > |
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Karlen Tinti
Lake Team Realty
13860 Booker T. Washington Hwy. Suite 100
Smith Mountain Lake, VA. 24121
800-861-4224
540-420-4021
540-576-2200
Fax: 540-576-5048
Email: yourlakeconnection@NUMBER1EXPERT.com
I am Karlen Tinti, Associate Broker, with Lake Team Realty, RELATORS, award winning agent and your FULL time Realtor here at Smith Mountain Lake. I hold a Virginia Broker's license, and I am dedicated to providing the finest service available. Having helped numerous clients purchase property, I go the extra mile to help you achieve your goals. I make it a priority to provide you with up-to-date information regarding local real estate values, taxes, municipal services, and most importantly, local-zoning changes that can influence your real estate choices.
Imagine waking up each morning to a beautiful lake view. I have enjoyed living at Smith Mountain Lake for over ten years. I would welcome the opportunity to show you what this unique area has to offer. Smith Mountain Lake offers a variety of activities that include all types of boating, fishing, swimming, water skiing, parasailing, golf, hunting and more. My specialty is waterfront homes and building sites. For lake living at its best, visit my website and call or email me today for a complete information package on this beautiful lake nestled in the magnificent Blue Ridge Mountains of Virginia.   
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