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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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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

Selling Your Home >Selling and Lock Boxes

Having your house on the market involves a certain invasion of your privacy. Real estate agents will be previewing it and showing it to buyers with some regularity. While you want to make your home reasonably accessible to the real estate professionals and their prospects, you don't want to run the risk of stepping out of your shower just as a broker is ushering in buyers.

In many areas real estate agents use a handy little tool of the trade called a "lock box". When a property is occupied, the agent first calls to let the owner know when they will be coming by. If no one is at home, the agent can get into the house with a key stored in the lock box.

The other extreme of accessibility is to require a day's notice before a showing, and to insist that your real estate agent be present at each one. This will eliminate a lot of the inconvenience to you, but it may also eliminate a lot of showings of your house. Whatever arrangements you work out, keep in mind that the easier you make it for real estate agents to open and show your home, the easier it will be to sell it quickly.

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Real Estate Trivia

Q 
What is the highest skyscraper hotel in the world?

A 
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world.
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Debbie Cobian and Laura Rodriguez, REALTORŪ, real estate agent and broker for Lake Geneva, Walworth County and Southeast Wisconsin, Wisconsin home listings, property and land for sale - NUMBER1EXPERT

Debbie Cobian and Laura Rodriguez
Keefe Real Estate, Inc

751 Geneva Parkway
Lake Geneva
WI, 53147
Office: 262-248-4492
262-248-9539
Laura's Cell: 262-325-7311
Debbie's Cell: 262-949-9818
Email: LauraandDebbie@NUMBER1EXPERT.com
Email: YourLakeGenevaTeam@yahoo.com

Laura Rodriguez and Debbie Cobian are Top Producing Brokers in the Lake Geneva area. Buyers and Sellers rate their service the best! With the team concept, you get two licensed professionals to help with all your real estate needs. Add Keefe Real Estate Inc, #1 in Sales in Walworth County and a family company since 1943, for a perfect partnership. For the experience and progressive service you deserve, contact Laura or Debbie today!

ABR ALC ePro MLS REALTOR


Keefe Real Estate, Inc real estate and homes for sale in Lake Geneva, Walworth County and Southeast Wisconsin Wisconsin

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