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Are Fractional Shares For You?
Fractional shares ("fractionals") are sometimes confused with other vacation property options, such as time shares and condo hotels. While there are similarities, there are a number of things that make fractional shares unique, and thus suited for...
Getting Started in Real Estate!
A Single’s Game of Real Estate
(Getting started in your twenties)
By Dan Auito
This discussion leans toward answering questions asked most often by our youthful men and women in there early twenties. They often begin to ask themselves the...
Home Buying
The first step in the home buying process is to find out exactly what kind of funds you have available – either with a mortgage ( http://www.onestopimmigration-canada.com/mortgages.html ) or if you’re lucky - cash. In Canada, you will have to be...
How To Make Your Tract Home Stand Out In The Crowd: Home Staging
Home sellers who wish to market their property in development neighborhoods face tough challenges. All the houses look similar. All the houses sell for amounts in the same price range. The market -- whether it’s a hot sellers’ market or a cool...
Prerequisites While "Qualifying For a Home Loan"
When preparing to lend a mortgage the first thing many lenders do is to make sure about your financial condition. It enables lenders to grant loans that would otherwise be considered too risky. Lenders look at a variety of factors,...
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Descriptive Terms In Real Estate Ads – What Do They Mean?
If you are buying or selling a home, the chances are good you struggle with the meaning of descriptive real estate terms. Here’s the first in a series of articles explaining them.
The Wise Seller
Be very truthful if you are a seller advertising your home. Mention your home’s best features, but do not exaggerate. If someone comes to look at your home and feels disappointed, they are not apt to buy. You are probably wasting your time and advertising money if your ads mislead.
The Wise Buyer
Take advertisements with a grain of salt and don’t get too excited until you’ve seen the property. Many sellers do not take the advice given above.
Now let’s examine some of the terms themselves and what they commonly mean.
“Open Floor Plan”
Describes a home in which rooms open out of each other and it’s possible to see from one room to another. Often entertaining rooms (living room, dining room, sun room, entrance foyer) are open to each other, and family living areas (kitchen, breakfast room, family room) are open to each other, while bedrooms have doors and open off a hall in a more traditional way.
“Traditional Floor Plan”
Used to describe a home with rooms opening off a hall or halls. Each
room can usually be closed off with a door.
“Split Bedroom Plan”
A term often used to describe a home (usually one level) with the master bedroom on one side of the living areas and the rest of the bedrooms on the opposite side.
“Dormer Window”
A window in an upstairs room that has a slanting ceiling which follows the slope of the roof. The window is in an upright position, but that causes it to stick up above the roof, so it gets its own little roof (usually a gable roof) that is tied into the main roof where they meet at right angles.
If you can get the verbiage down, you’ll be way ahead in the real estate game. Look for future articles on this subject or visit our site to read more terms.
About the Author: Raynor James is with http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to sell your own home yourself with a free 1 month listing.
Source: www.isnare.com
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