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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

W

Waiver

The relinquishing of a right

Warranty

A guarantee provided to the purchases regarding the quality of appliances or fixtures sold
Also a promise by the grantor of a piece of property that he or she is responsible to the buyer if the title of ownership is defect in any way

Warranty deed

A document conveying ownership of a property that guarantees a clear, clean title

Will

A written document stating how an individual chooses to have his or her property distributed after his or her death

Wraparound loan or Wraparound mortgage

A method of refinancing which covers the remaining balance on an existing first mortgage as well as the additional amount of loan being requested by the mortgagor; full payments covering both mortgages are made to the Wraparound mortgagee, who then forwards on the portion of payment due to the first mortgagee

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

Agency >Buyer Agency

In the history of the real estate industry, there has been a single approach to working with a real estate agent. If you wanted to purchase a home, an agent showed you properties on behalf of the sellers of those homes. As a buyer, you were not represented by anyone other than yourself. Negotiation over price and terms were entirely your responsibility.

Now there is another way to handle buying property. With buyer agency, your real estate sales associate acts on your behalf in all negotiations. That agent is committed to being your advocate in finding and purchasing your next home, and at no cost to you.

In many cities across the United States, buyer agency is used in the majority of home purchases. With buyer agency, all fiduciary duties are owed to the buyer, not to the seller. The buyer has the freedom to discuss personal finances, negotiating strategies and the value of properties with their buyer agent. The buyer can ask for the opinion of the buyer agent regarding the condition of the property, the effect of improvements, the seller's motivation for selling and a variety of other information thar the seller's agent cannot provide.

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Real Estate Trivia

Q 
Which U.S. hotel has more fountains than any other hotel in the world?

A 
The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
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Christine Papworth, REALTORŪ, real estate agent and broker for San Joaquin, Stanislaus and Merced Counties, California home listings, property and land for sale

Christine Papworth
Keller Williams Realty Central Valley

(209) 823 4722
Email: christine@therealestatedr.com

Chrisitne Papworth, the Real Estate Doctor. That's a big title, isn't it? It's one I take very seriously. From every caller on my radio show to every client and, I suppose, every person and situation I come in contact with I focus one thing...healing. From diagnosis to cure and all points between. How and in what way can I help the most? It's never about me. It's all about you. Isn't that what you want?

Equal Housing MLS REALTOR


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