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N

NATIONAL ASSOCIATION OF REALTORS® (NAR)	A real estate trade organization that sets the standards for integrity and honesty within the real estate profession nationwide
Negative amortization	A gradual increase in the balance of a loan or mortgage which occurs because the monthly payments made are too small to cover the entire principal and interest charges; this shortfall amount is added to the remaining balance, resulting in negative amortization
Net listing	The advertisement of the price of property for sale in terms of the net price the seller will receive, once the property is sold, a type of listing which is illegal in many states
Net worth	The total value of all of an individual's assets, minus all liabilities or debts
No cash-out refinance	A transaction for refinancing a mortgage in which the new mortgage amount is limited to the sum total of the remaining balance of the first mortgage, points, closing costs, whatever is required to satisfy any liens that are more than one year old and other funds for the borrower's use (as long as the amount is one percent or less of the principal amount of the new mortgage)
Notary	An individual authorized by law to certify documents and signatures
Note	A legal document that obligates a borrower to repay a loan or owed sum of money at a stated interest rate over a designated period of time

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Real Estate Tips

Pricing >Market Trends

Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.

The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.

	See All Tips In The "Pricing" Category >
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Real Estate Trivia

Q	What unique type of home is making news as an affordable, environmentally-friendly housing alternative?
A	Straw bale homes may well become the non-toxic, affordable home of choice in the future.
See More Real Estate Trivia >

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Larry, Wanda and Al Agena Keller Williams 23670 Hawthorne Blvd. Suite #100 Torrance, CA 90505 Phone: 310-370-4010 Fax: 310-375-6860 Email: TheATeamRealtors@yahoo.com Number1Experts™ Larry and Wanda were awarded the winning husband and wife team in the Southbay area of Los Angeles. They have a history of helping their sellers and buyers achieve their goals. They offer you skill, service, and the support you need to make your real estate transactions a success! Larry was licensed in 1974 and Wanda in 1994. Together they bring a great deal of experience, and they know how to work hard to get what you want. Their philosophy is "Our Clients Are The #1 Priority". Their highest business reward is when someone refers another client to them due to the professional job they did in helping them reach their goals. Larry and Wanda want to "Thank You...Mahalo" for giving them all your referrals and the opportunity to work with you in your next real estate transaction. www.SouthBayHomes4You.com is brought to you by Larry, Wanda and Al Agena, real estate for Torrance, Gardena and Redondo Beach, California Read Larry, Wanda and Al Agena's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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