Parcel – David Reecher A parcel is an officially described piece of land. A parcel is also sometimes referred to as a land lot. A parcel or land lot is legally considered an immovable piece of p...Read More
Oral Agreement – David Reecher An oral agreement is a contract that is not in writing. It is typically just a working agreement between two parties on the terms that they want to eventually agre...Read More
Options (In a Lease) – David Reecher Options, found in a lease, provide a buyer with the opportunity to buy a property in a given set of time after making a down payment. The buyer, however, doe...Read More
Option – David Reecher In real estate, an option is when a purchaser puts money down for land, a home or other real property, but does not have an obligation to purchase said property. Under mos...Read More
Operating Expenses – David Reecher Operating expenses are any expenses that are incurred for the upkeep of a rental income. Some common expenses include maintenance, taxes and insurance. Hiring ...Read More
Open Listing – David Reecher Property owners have several options for listing their property for sale. They may choose an open listing, which allows any agent to show and sell their property. Th...Read More
Open House – David Reecher A set period of time that the Realtor opens the house to the public for viewing. Open houses are often publicized in newspapers, signage, and other means to bring in a...Read More
Offer To Purchase – David Reecher In real estate, an offer to purchase is a commitment by a buyer to enter into a contract of sale for a property. The offer is often accompanied by a substantial...Read More
Occupancy Cost – David Reecher Occupancy cost refers to the total cost to a tenant who occupies a space, including the total rent that he or she pays. It might also include any required maintena...Read More
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