|
|
|
A Review of Popular Ceiling Fan Manufacturers -
Nearly every residence has at least one ceiling fan. Ceiling fans are so common that many people have difficulty sleeping without one. Ceiling fans appear in bedrooms, living rooms, offices, warehouses, and porches. There are several reputable,...
Denton Lesslie
Hardwood is a better investment as far as longevity goes. It has a more natural and polished look uch longer. Even after the hardwood has led a rough life there are options. You can refinish, or just let the personality be apart of the decore....
Low Cost Home Landscaping Tips
Installing and maintaining landscaping around your home can be a
costly undertaking. Even the perfect landscape can end up a
source of vexation instead of pleasure -- if it costs you more
than you can afford to install and keep up.
With...
Patio Design And Patio Furniture - The Use Of Focal Points
A focal point is an important design element; it is a place where the eye naturally comes to rest. In a well-designed patio there is always a planned focal point, such as a large dining set, perhaps with a well-selected umbrella. But a patio’s focal...
Think about your Rear, Dear when you are looking for a chair!
There is furniture that is very cool, but if you do not like sitting on it, I have one question. WHY? My wife and I differ greatly on this subject. I do not know how many times my wife has drug me to a furniture store (one of my least favorite...
|
|
| |
|
|
|
|
|
|
Real Estate Terms – From Pre-approval Letter To Townhouse
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “Pre-Approval Letter.”
1) Pre-Approval Lender Letter – a writing from a lender stating that a potential buyer has approval to borrow a stated amount of money from his firm based on having documented all the personal information needed. Final approval is subject only to the lender’s receiving a copy of a contract to purchase real estate, a satisfactory appraisal of that real estate, and its underwriting department’s review of all pertinent information. In other words, the buyer qualifies so long as the property does and no changes occur.
2) Pre-Qualification Lender Letter – a writing from a lender stating that a potential buyer is able to get a loan in a named amount. It typically states the price of real property to be purchased, and what information the lender had when forming his opinion. When a lender has pulled a borrower’s credit file, his opinion is worth more than if he just based it on what the borrower told him.
3) Real Estate, or Real Property – ground, any plants growing in it, any minerals under it, and any buildings or other improvements built on it.
4) Septic System – a self contained means of disposing of sewerage which tends to intimidate city dwellers. The simple version is a holding tank in which enzyme and bacterial action decomposes the waste material and buried lines in a drainage field which uses soil
to strain out what remains. This works very well in soil which percolates well (water drains through it quickly). More elaborate septic systems are often needed in areas with heavy, clay soil and in areas with a high water table. Some properties are totally unsuited for septic systems and cannot be built on until public sewer is available.
5) Title Insurance – insurance which will compensate the insured for the value of his ownership or collateral position in real property if a person not thought to be a current owner materializes as an owner. (I’ve seen this come into play when property was owned by many heirs a generation or two ago.)
6) Townhouse - A single family attached dwelling unit with common walls.
Well, as promised, it’s not a be-all, end-all, but we have covered lots of the important definitions and concepts needed to successfully handle your for sale by owner transaction. If I’ve missed something, don’t hesitate to visit our site to read more.
About the Author: Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
Source: www.isnare.com
|
|
|
|
|
|