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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

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

M

Majority

The age at which an individual is legally entitled to handle his or her own affairs

Margin

The amount added to the index on an adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a given time

Market value, or Fair market value

The most likely price that a piece of property or home can realistically be sold for, and is dependent on the selling price of similar real estate in the area

Marketable title

A clear, unencumbered title, reasonably acceptable without the threat of the risk of litigation

Maturity

The date on which the principal balance of a loan, bond, or other financial commitment is due and payable

Mechanic's lien

A lien created by statute to allow unpaid contractors, laborers or suppliers who have performed work on or furnished materials for the construction of a building to recover the value of their work

Metes and Bounds

Means for describing property by a set of directions and distances, when there isn't identification based on a surveyed lot number

Minor

An individual below the age at which he or she is legally entitled to handle his or her own affairs

Monument of Survey

le indications made on natural or man-made objects that indicate the boundaries of a survey

Mortgage

A legal document that pledges a property to the lender as security for the payment of a loan or debt

Mortgage broker

An individual or company that acts as an agent between borrowers and lenders for the purpose of arranging and negotiating mortgage contracts; who is paid a fee for such service

Mortgage insurance

A contract that guarantees the lender against loss caused by a mortgagor's default on a government or conventional mortgage; such insurance can be issued by a private company or by a government agency, and covers either only a percentage, or the total, of the mortgage loan

Mortgagee

The lender in a mortgage transaction

Mortgagor

The borrower in a mortgage transaction

Multiple-listing service (MLS)

An organization of brokers who share their listing agreements with one another in order to find buyers for their properties more effectively than they could individually

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
First Time Buyers >Your Investment

Shelter is a very basic human need which most people accommodate by renting or buying a house or apartment. Rental property is often less-than-perfect. Tenants usually experience a rent increase every year or so and feel somewhat at the mercy of the owner. They don't necessarily feel a strong commitment to the property or the community.

Making a decision to buy a house is a major commitment, and the decision has both economic and emotional implications. Instead of paying the landlord's mortgage every month, homeowners pay their own mortgage and build up equity in their investment. When they paint, plant flowers or make improvements, their family reaps the benefits of a more beautiful environment. Homeowners are much more selective than renters about finding the perfect home, and their sense of personal satisfaction heightens the pride of ownership.

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Real Estate Trivia
Q 
What is the world's most expensive Monopoly set?

A 
San Francisco jeweler Sidney Mobell created an exclusive $2 million Monopoly set, with solid 23 carat gold houses, chimneys made of rubies and sapphires and dice with 42 full cut diamonds for spots.
See More Real Estate Trivia >


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Michael and Rebecca Straley, REALTORŪ, real estate agent and broker for Stafford, Spotsylvania, Fredericksburg, Virginia home listings, property and land for sale

Michael and Rebecca Straley
Capitol Premier Realty

Licesed Realtor/Broker in the Commonwealth of VA
701 Kenmore Avenue #220
Fredericksburg, VA. 22401
Office: 540-479-4444
His Cell: 540-834-6263
Her Cell: 540-379-1949
Office Fax: 540-479-4445
All Contracts to : 800-657-0864
Email:: Michael@CapitolPremier.com
Email:: Rebecca@CapitolPremier.com

Contact me and let's talk. My goal is to listen, give you facts, and help you make informed decisions. I represent your best interest, there is no pressure, just good old fashion "red carpet" service. We can move as slowly or quickly as you wish, but first you have to call...or drop me an email and I will take it from there. It couldn't be any easier. Look forward to the opportunity to serve your real estate needs.

ABR Equal Housing MLS REALTOR SFR





General Real Estate

Capitol Premier Realty

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