Offer to buy

Offer to buy – David Reecher A buyer makes an offer to buy a house with a contract. The contract lists all the terms, financing, and contingencies. The offer means nothing unless ... Read More

Multifamily

Multifamily – David Reecher A multifamily or multi-unit property has more than one unit on the same property. An apartment complex or a duplex could be multifamily if they are on ... Read More

Mortgage Broker

Mortgage Broker: – David Reecher A mortgage broker is a lender who can shop loans from multiple banks. Sometimes a mortgage broker can get a better deal for buyers by checking with differen... Read More

Mortgage

Mortgage – David Reecher A type of loan used to buy houses with a portion of the payment going towards interest and principal each month. Money may also be collected every month for property tax... Read More

MLS

MLS – David Reecher Multiple Listing Service (MLS), is a marketing database set up by a group of cooperating real estate brokers. It also is a mechanism for listing brokers to offer compensation... Read More

Material Fact

Material Fact – David Reecher A fact that, if known, might have caused a buyer or seller of real estate to make a different decision with regards to remaining in a contract or to the price paid ... Read More