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Open listing |
A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker |
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Option |
The agreement to keep an offer to purchase or
lease open for a specific period of time |
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Option listing |
An agreement by which the broker advertising the
property has the right to purchase the listed property himself |
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Origination fee |
A fee paid to the lender for processing a loan
application |
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Owner financing |
A property transaction for which the seller
provides all or part of the financing to the buyer |
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Owner's Title Insurance |
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing |
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| Q |
What is the average age of a first-time homebuyer in the United States today?
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| A |
The average age of a first-time U.S. home buyer is 32 years. |
 See More Real Estate Trivia > |
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Thomas R. Gross
RE/MAX Action Realty
1126 Horsham Rd.
Maple Glen, PA 19002
Office: 215.358.1100 x1155
Direct: 215.358.1155
Cell: 215.450.9323
Fax: 215-358-1154
Email: pennahomes@NUMBER1EXPERT.com
Come home to a new level of real estate comfort with one of America's NUMBER1EXPERTS™ in the Horsham area, Thomas R. Gross. I am in the top 1% of all REALTORS® nationally, servicing all of Bucks and Montgomery County, Pennsylvania. Just call or email me!
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