During your home sale process you will undoubtedly encounter many of the terms listed below. Understanding the terminology used by your Realtor^®, title company, etc. to describe items, situations, and/or options you will encounter during your home sale process will most certainly help to you to make the decisions necessary to reach your goals.

For example, you may encounter a "Cloud" on your title and understanding what that is will help you to work with your Realtor^®, title company, etc. to resolve the matter in order to convey "Marketable Title."

The following is a detailed list of the most commonly used words and terms that you will encounter. Click on a term below to view its definition:

Abstract of Title Agent Appraisal Appreciation Assumption of Mortgage Breach of Contract Broker Capital Gain Certificate of Title Chain of Title Closing Statement Cloud on Title Commission Comparables Competitive Market Analysis Consideration Contract Counteroffer Deed Deed Restrictions Default

Depreciation Dual Agency Earnest Money Deposit Easement Encroachment Encumbrance Equity Escrow Executed Contract Functional Obsolescence General Lien Joint Tenancy Legal Description Lien Listing Agreement Listing Broker Marketable Title Market Value Mechanic's Lien Multiple Listing Offer and Acceptance

Personal Property Physical Deterioration Power of Attorney Prorations Quit Claim Deed Ready, Willing, & Able Buyer Real Estate Real Estate Broker Real Property Realtor Sales Contract Salesperson Severalty Special Assessment Survey Tax Lien Tenancy by the Entirety Tenancy in Common Title Insurance Transfer Tax Warranty Deed

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REALTOR^® ABR, CRS, e-PRO Certified
CENTURY 21 Curran & Christie
25636 Ford Road
Dearborn Heights, MI 48127
Office: (313) 274-7200
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Michigan Real Estate Salesperson #6501221773 Licensed Realtor® Since 1987 Real Estate Internet Warning

Steve Hatfield, Realtor® provides real estate / home buying and selling services in Dearborn Michigan, Dearborn Heights Michigan, the Wayne County MI (Southeast Michigan) communities of Redford, Westland, Garden City, Livonia, Canton, Plymouth, Northville and the Oakland County cities of Farmington / Farmington Hills and Novi Michigan.

In accordance with the law, the properties and real estate services featured on this web site are offered without respect to race, color, creed, sex, national origin, physical limitations, or familiar status.

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Copyright © 1996 - Steve Hatfield
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