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For Home Buyers:
Why Buyers Choose Patti Wood - Why homebuyers looking for a real estate agent in the Chino Valley, Prescott Valley and Prescott area choose Patti Wood.
Latest Listings - Get Patti Wood's latest Chino Valley, Prescott Valley and Prescott listings of homes for sale first!
Find Your Perfect Home - Patti Wood will search for your ideal home and email you the newest Chino Valley, Prescott Valley and Prescott MLS listings of properties in Yavapai County AZ.
First Time Homebuyers - Are you a first time homebuyer in Chino Valley, Prescott Valley and Prescott, AZ? Choose a top real estate agent. Patti Wood can guide your home buying search.
Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Chino Valley, Prescott Valley and Prescott house or other real estate or property.
Go to Main Sitemap - Main sitemap sections include Find Chino Valley, Prescott Valley and Prescott Homes, For Home Buyers, For Home Sellers, Chino Valley, Prescott Valley and Prescott Information, Real Estate Resources, and About Patti Wood.

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About Appraisals >The Language of Real Estate Agents
Technical terms can be confusing to people who do not work in a profession, and real estate agents use language that may be confusing to many home buyers and sellers.
If you find your eyes glazing over when your real estate agent starts talking about escrow, clear title, easements, encroachments, contingencies, financing, appraisals and the closing process, don't hesitate to ask for a translation. Buying or selling a home is a major step, and professional real estate agents are totally committed to helping you understand the process thoroughly so that you can make informed decisions.
The simple transaction of trading the sellers' house for the buyers' money has become complicated by several hundred years of custom, common law, and state and local government requirements. Consumer demands have resulted in up-to-date rules that communication be as clear and understandable as possible. Real estate agents work to create an atmosphere in which you feel comfortable to ask questions.
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What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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