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Real Estate Tips
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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Real Estate Trivia
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What is a Balloon Mortgage?

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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Patti Wood, REALTOR®, real estate agent and broker for Chino Valley, Prescott Valley and Prescott, Arizona home listings, property and land for sale - NUMBER1EXPERT

Patti Wood
Century 21 Pauley and McDonald

901 South Hwy 89
Chino Valley, AZ 86323
928-636-2328
Fax: 928-636-4759
PattiWood@NUMBER1EXPERT.com


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