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

R

Radon	A radioactive gas that can cause health problems if present in sufficient concentration, found in some structures
Rate cap	In an adjustable-rate loan, the ceiling on the amount that the interest rate can be increased at each adjustment
Rate lock, or lock-in	A commitment to a specified fixed interest rate for a designated period of time, issued by a lender
Real estate agent	An individual trained and licensed to negotiate the sale of real estate on behalf of the property owner
Real estate investment trust (REIT)	An organization of individuals who purchase certificates of ownership in the trust, which then invests their money in real property, distributing the profits back to the individual investors free of corporate income tax
Real Estate Settlement Procedures Act (RESPA)	A federal consumer protection law that requires certain disclosures of lenders to consumers relative to mortgage loans
Real property	Land and appurtenances permanently on it, including buildings, trees, minerals, and the interest, benefits, and inherent rights thereof
Realtor	A real estate professional who holds active membership in a local real estate board that is affiliated with the NATIONAL ASSOCIATION OF REALTORS®
Realtor®	The registered trademark reserved for the sole use of members of local Realtor boards affiliated with the NATIONAL ASSOCIATION OF REALTORS®; other real estate professionals who do not belong to the local board may not advertise themselves as Realtors
Recision	The cancellation or annulment of a transaction or contract based on law or by mutual consent
Recording	The entering or noting of documents affecting all transactions of real estate in the recorder's office in each county, making it public record; until recorded, a mortgage or deed is usually not valid against subsequent buyers
Recording fees	Payment made to the lender for recording the sale of a property with the county office
Refinance	To obtain a new mortgage loan on a property already owned
Regulation Z	A federal law that requires disclosure by a credit institution or lender of the terms, conditions, and full cost of a loan or mortgage, including the annual percentage rate and any other charges, to the borrower when they apply for the loan
Remainder	An interest in land that is postponed until the termination of some other interest
RESPA	Abbreviation for the Real Estate Settlement Procedures Act, which is a federal law that requires lenders to provide information on estimated settlement costs, which is available for review by the buyers one time after application, and again once prior to or at the closing
Restrictive covenants, or Protective covenants	A provision in a deed that limits how real estate ownership may be used
Reverse-annuity mortgage (RAM)	A loan or mortgage whereby the amount of the monthly payments the borrower receives is based on accumulated equity, rather than on the agreed-upon total sum loaned
Reversion	A clause in a transfer of title that returns the property to the grantor upon specified events or occurrences happening
Right of first refusal	The right specified in an agreement to have the first opportunity to purchase or lease a given property before it is offered to others, or alternately, the prior right to purchase a property based on the same terms made by another buyer that were acceptable by the seller
Right of survivorship	In joint tenancy, when one of the joint tenants dies, the right of the survivors to the deceased's interest in the property
Right-of-way	Permission to pass across the property of another
Riparian rights	The right of an owner of property to make use of waterways adjoining the property

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

Accepting An Offer >Clean Offers

You have found a house that makes your heart skip a beat--it is in the right location and has all the amenities you want. The price is the only thing that is keeping you from making an offer, because you feel that it is more than you can afford. How can you maximize the possibility that the owners will accept an offer that is much lower than their asking price?

The first thing you should do is to make the offer as "clean" as possible by not asking for special contingencies. Avoid making demands on the sellers for minor repairs, such as cutting down the dead tree in the back yard or leaving custom drapes. Be as flexible as possible about scheduling the move-in date to accommodate the seller's plans. Finally, you can offer a larger-than-usual deposit to persuade the sellers that you are a serious buyer and to make it harder for them to "just say no". Each situation is different, but the "cleaner" the offer, the more likely the sellers are to accept it.

	See All Tips In The "Accepting An Offer" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

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Real Estate Trivia

Q	What does the abbreviation PITI stand for?
A	Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
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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