Sacramento Real Estate Jargons


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It is best for a home owner or even to a home buyer to know the jargons in the real estate market simply to have a full grasp of the whole Industry. Each person, young and old, men and women are in need of owning a property and this is the reason why this real estate jargons have been made to help everyone become knowledgeable on the modern trend of Sacramento real estates.

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Sacramento Real Estate Jargons

  1. 1. Sacramento Real Estate Jargons ©
  2. 2. Sacramento Real Estate JargonsIt is best for a home owner or even to a home buyer to knowthe jargons in the real estate market simply to have a full graspof the whole Industry.Each person, young and old, men and women are in need ofowning a property and this is the reason why this real estatejargons have been made to help everyone becomeknowledgeable on the modern trend of Sacramento realestates. ©
  3. 3. Sacramento Real Estate JargonsSales:This jargon means the exchange of goods or services for anamount of money or its equivalent; the act of selling.But always remember that a sale must have an agreementbetween the seller and the buyer before you can declare a sale. ©
  4. 4. Sacramento Real Estate JargonsHousing term:Basically, this jargon means the financial arrangements underwhich someone has the right to live in a house or the realestate property.To give you an idea, this jargon refers to allowing someone tolease a property in a contract basis, in which rent is paid to alandlord. ©
  5. 5. Sacramento Real Estate JargonsExperts in real estate said that the basic forms of tenure can besubdivided, for example a real estate owner may own a houseoutright, or it may be mortgaged.In the case of tenancy, the landlord may be a privateindividual, a non profit organization such as a housingassociation or a government body as in public housing. ©
  6. 6. Sacramento Real Estate JargonsEntitlement:According to Sacramento property law, Entitlement is aguarantee of access to benefits because of rights or by anagreement through law. ©
  7. 7. Sacramento Real Estate JargonsThe property law added that it also refers in a more casualsense to someone’s belief that he or she deserves for someparticular reward or benefit.But coming to the point of real estate, the Entitlement processis the legal method of obtaining approvals for the right todevelop property for a desired use. ©
  8. 8. Sacramento Real Estate JargonsClear Title:You may have heard about this jargon several times already.Basically, clear title simply means the property owner isassuring everyone including the buyer that the property heowns (Home, land, other property) are clear from allobstructions.According to a realtor in Sacramento, the owner does not ownclear title and the property is under the power of the ownerthen he can express clear title. ©
  9. 9. Sacramento Real Estate JargonsDeed of sale:A deed of sale is a very important piece of document in sellingor buying properties.A deed of sale is an agreement between the buyer and theseller, and it is a legal instrument to grant a right. Just so youknow, seeds can be treated as a contract, as it requires themutual agreement of more than one person. ©
  10. 10. Sacramento Real Estate JargonsYou need to have witnessed who will sign in the deed of sale.The deed is best known as the method of transferring title of areal property from one person to another.In real estate industry, deed of sale is a term used to conveyownership from the old owner often called as grantor to thenew owner often called as grantee. ©
  11. 11. Sacramento Real Estate JargonsMortgage:A mortgage is a security interest in real property held by alender as a security for a debt, usually a loan of money.A mortgage in itself is not a debt, it is the lenders security for adebt. ©
  12. 12. Sacramento Real Estate JargonsIt is a transfer of an interest in land (or the equivalent) fromthe owner to the mortgage lender, on the condition that thisinterest will be returned to the owner when the terms of themortgage have been satisfied or performed.In other words, the mortgage is a security for the loan that thelender makes to the borrower.In short, a mortgage is the pledging of a property to a lender asa security for a loan. ©
  13. 13. Sacramento Real Estate JargonsLooking for Sacramento Real Estate Jargons?Then visit us at ! We havedatabase of Sacramento Real Estate Jargons for free!Visit us now! ©
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