Closing: The time when all the documents are signed by the parties involved in a real-estate transaction. Traditionally, in central Ohio this would be a round-table closing where all the parties would be present at one-location and sign documents at the same time. But can also include a mail-closing, off-site closings, etc. where one-or-more of [...]
R.E.’s Word of the Day [media-credit name="Franklin County Auditor" align="alignright" width="150"][/media-credit] Why isn’t Your Home Selling? Could it be maybe the fact your REALTOR makes it look like it is collapsing? Primary Image On an MLS listing the first image that appears. Why do you need to know it? With an estimated 90% of home [...]
R.E.’s Word of the Day [media-credit name="shho | sxc" align="alignright" width="150"][/media-credit] Fiduciary A person who is legally or ethically entrusted to manage money or property between two or more parties. Why do you need to know it? When you sign a contract — whether it is a listing agreement or a buyer’s agreement — with [...]
R.E.’s Word of the Day [media-credit name="myohiohometeam.com" align="alignright" width="300"][/media-credit] The Multiple Listing Service, or MLS, is a back-end system that allows you to search for a home on a map much like this one of Delaware, Ohio. MLS (or Multiple Listing Service) A centralized repository of listing information that is owned (and controlled) by an [...]
R.E.’s Word of the Day REALTOR(r) A licensed real-estate agent that pays dues and is otherwise in good standing with the National Association of REALTORS. Why do you need to know it? The biggest reason you need to know the term REALTOR is because many agents use it as if it really means something about [...]
R.E.’s Word of the Day REO (or Real Estate Owned) Property that is owned by the bank and is usually achieved through foreclosure proceedings. Why do you need to know it? As a home buyer, you really don’t as it has mostly been replaced by “foreclosure” in the real estate jargon book. However it is [...]
Toby Boyce (#2006004451) is a licensed real estate agent in the state of Ohio and works under the Triumph Realty brokerage. The information provided on this Web site should not be construed as offering legal, real estate, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. Investment, mortgage, real estate, or financial services or strategies mentioned throughout this Web site may not be suitable for you. All posts and/or comments on this site is the property of the author and should not be taken as an endorsement or advice for your particular situation. Please consult a local professional before making any decisions.