A-Frame Design
A-Frame Design – David Reecher The term A-frame design refers to a building or home design that features a steeply peaked roofline with a ceiling that opens to the top rafters. The exterior styl... Read More
What is a zero lot line?
What is a zero lot line? – David Reecher A zero-lot-line property is a building that comes to the very edge of the property line on at least one side. In a zero-lot-line housing development, uni... Read More
What is a Yield Spread Premium (YSP)?
What is a Yield Spread Premium (YSP)? – David Reecher A Yield Spread Premium (YSP) is the compensation a lender pays a mortgage broker to sell a loan with a higher interest rate. Unless a borrow... Read More
What does “Withdrawn or Cancelled” mean in real estate?
What does “Withdrawn or Cancelled” mean in real estate? – David Reecher When a homeowner contracts with an agent to sell a home, the listing agreement must include a set expiration d... Read More
What is a walk through in real estate?
What is a walk through in real estate? – David Reecher A walk through is the final inspection of a home by the buyer before closing. Buyers complete a final walk through to make sure any agreeme... Read More
What is a vacancy rate?
What is a vacancy rate? – David Reecher The vacancy rate is the percentage of vacant units in a rental property, like an apartment building. A low vacancy rate indicates strong rental interest, ... Read More
What is a VA loan?
What is a VA loan? – David Reecher A Veterans Affairs loan, commonly known as a VA loan, is a special type of loan guaranteed by the US Department of Veterans Affairs and only available to eligi... Read More
What are upfront costs?
What are upfront costs? – David Reecher Upfront costs are the costs you pay out of pocket once your offer on a home has been accepted. Upfront costs include earnest money, the inspecti... Read More