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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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

Real Estate Tips Closing or Settlement >Net Sheet for Sellers When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing. Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale. A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures. Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in. See All Tips In The "Closing or Settlement" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What building has the largest windows in the world? A  The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass. See More Real Estate Trivia >

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Mike and Amy King King Real Estate, Inc. 15308 Morningmist Ln Silver Spring, Maryland 20906 Office: 240-242-4346 Amy's cell: 301-467-1877 Mike's cell: 301-467-5677 David's cell: (301) 706-8254 Fax: 301-598-1446 Email: king@NUMBER1EXPERT.com Real Estate License: 5191 Amy's email: amyking@mris.com Mike's email: mking@mris.com David's email: dnmarshall@hotmail.com Amy & Mike King have 24 years of combined experience in the Real Estate, Mortgage and Home Building industries! Their specialty is Real Estate in Montgomery County, but also have extensive experience in Howard and Price Georges counties. They are #1 when it comes to helping families make a smooth transition when moving here. Amy & Mike are a successful team who work together with you and for you! www.montgomerymdhomes.com is brought to you by Mike and Amy King, real estate for Montgomery County, Howard County, Silver Spring, Rockville and Olney, Maryland Read Mike and Amy King's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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