Barbee & Son Realtors Inc. - Barbee & Son Realtors,Inc.

Barbee & Son Realtors Inc.

Property Search
My Dream Home

Free Property Analysis
MyHome Extranet

Meet our Agents!
Area Information
  - Public Schools
  - Private Schools
  - Local Weather
  - Local Links
  - Subscribe
  - Unsubscribe
Free Reports
Featured Articles
Glossary of Terms
Mortgage Calculator

Tell a Friend
Create Bookmark
Contact Me

1196706 page hits since
September 29, 2008

 Glossary of Terms

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

  • Online real estate listings
    Properties listed for sale on the Internet.

  • Open house
    A marketing tool in which a listing agent opens a house for view.

  • Open listing
    A property given to a number of brokers to market at the same time.

  • Open space
    Undeveloped land or common areas in a planned community reserved for parks, walking paths or other natural uses.

  • Option
    A situation in which a buyer puts down money for the right to purchase a piece of real estate within a set time period but does not have an obligation to buy.

  • Oral agreement
    Contractual arrangements that are not in writing and are usually not legally binding.

  • Original principal balance
    The amount of principal owed on a loan before a borrower makes any payments.

  • Origination fee
    A fee charged by most lenders--also called points--for processing a loan. A point is 1 percent of the total loan amount.

  • Overhang
    A protruding structural feature.

  • Owner financing
    A transaction in which the seller of a property agrees to finance all or part of the purchase.