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A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker
Option
The agreement to keep an offer to purchase or
lease open for a specific period of time
Option listing
An agreement by which the broker advertising the
property has the right to purchase the listed property himself
Origination fee
A fee paid to the lender for processing a loan
application
Owner financing
A property transaction for which the seller
provides all or part of the financing to the buyer
Owner's Title Insurance
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
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Looking for a little personality in real estate? We put the FUN back into a serious business!
With our combined 20+ years of experience in customer service and construction management, you won't find more skilled representation. We specialize in residential real estate, and have expertise in waterfront properties, raw acreage and investment opportunities.
No one knows the North Austin, Cedar Park, Leander and Lake Travis, Texas areas better. CALL US TO TOUR LAKEFRONT PROPERTIES BY BOAT!
We promise that our level of service will exceed your expectations!
Mick Hooper is a Licensed Real Estate Broker in the State of Texas. Dr. Tracy Angelocci is a licensed Realtor in the state of Texas.
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Cedar Park, Lake Travis and North Austin, Texas
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