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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

O

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

Option

The agreement to keep an offer to purchase or lease open for a specific period of time

Option listing

An agreement by which the broker advertising the property has the right to purchase the listed property himself

Origination fee

A fee paid to the lender for processing a loan application

Owner financing

A property transaction for which the seller provides all or part of the financing to the buyer

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

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

Investment Real Estate >Investment Property Exchanges

When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.

When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.

It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.

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Real Estate Trivia

Q 
From 1974 to 1996, what was the world's tallest habitable building?

A 
The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.
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Roxanne DeBerry, REALTOR®, real estate agent and broker for Allen, Plano and North Dallas, Texas home listings, property and land for sale - NUMBER1EXPERT

Roxanne DeBerry
Keller Williams Realty-Plano

3608 Preston Rd. Ste. 230
Plano, TX. 75093
Agent Phone: 214-676-8040
Voice Mail: 972-733-9250
Office Phone: 972-943-7377
Email: rdeberry@realtor.com

Roxanne DeBerry has over 20 years of real estate experience in Dallas and Collin county. She is committed to staying on top of the real estate market at all times through continued growth and state of the art technology. Call Roxanne DeBerry today! Her professional team will give you that personal touch in your real estate needs!

CRS ePro Equal Housing REALTOR RELO


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