What does so mean in property?
Shared ownership opens the door to home ownership
You start by buying between 25% – 75% of your home. That means your monthly mortgage and deposit are smaller than they would be if you bought your home outright.
What does AP mean in real estate?
What does possession mean on MLS?
Possession – The buyer occupying the property that is purchased or a tenant occupying the property that is leased. In a real estate sale, possession is rarely granted prior to closing when the seller receives their funds.
What is the seller of a property called?
The “vendor” is the ‘seller,’ the person disposing (selling) of the property. The “purchaser” is ‘the buyer,’ who acquires title to the property or an interest in it.
What do you call the person buying a house?
Most buyers and sellers refer to him or her as their salesperson, agent, broker, Realtor, or some pet name that is best left to the imagination. The monikers are all interchangeable.
Shared ownership is a great way to get a stake in a property when you can’t afford or can’t borrow enough to buy outright on the open market. There are however common complaints from people in shared ownership schemes.
What does ISO mean in real estate?
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What does CND mean in real estate?
California REALTORS® are fortunate in this regard. A “Confidentiality and Non-Disclosure Agreement” (form CND) was prepared by the legal department of CAR (California Association of REALTORS®) and has been available in the zipForms®library since November of 2012.