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PREMIER SOTHEBY'S INTERNATIONAL REALTY North Naples Office across from The Ritz Call me at (239) 272-6170
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"True delight" "Mara has made the house hunting process a true delight with their patience, professionalism, guidance and good humor". "Buyer from New Ipswitch, NH" (Brookside) Read Quote > View All Quotes >
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Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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Compare three mortgages at one time.
Download TripleCalc now. It's free.
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PREMIER SOTHEBY'S INTERNATIONAL REALTY North Naples Office across from The Ritz Call me at (239) 272-6170
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Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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Very Difficult Real Estate Market "Thank you for your patience and support with very difficult decisions for me". "Alicja Socha, MD" (Seller in Mill Run) Read Quote > View All Quotes >
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Impound, or Reserves |
The portion of a borrower's monthly payments
held by the lender to pay for taxes, hazard and mortgage insurance, lease
payments, and other items that will come due |
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Income approach |
The method of estimating the value of a property
by calculating its generated income |
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Income property |
Real estate developed for the purpose of
generating income |
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Indemnify |
To provide for compensation in the case of loss
or damage to property |
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Indemnity |
The statement of terms under which loss or
damage to property will be compensated |
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Index |
A published interest rate used by lenders to
compare the interest rate for an adjustable-rate mortgage (ARM) with that
earned by other investments (e.g., the yield on Treasury bills, interest rate
on loans from savings and loans institution, etc.), as a result of which the
ARM interest rate is adjusted |
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Ingress |
The right to enter on or over a piece of
property |
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Insurable Title |
A property title which an insurance company is
willing to insure against possible claim |
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Installment contract, or Contract for
deed |
A contract for the sale of real estate whereby
the buyer is in possession of the property while paying off the purchase price
in periodic installments, despite the title being retained by the seller until
the future date of final payment |
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Insured closing letter |
An indemnity provided by a title insurance
company to a lender, whereby the title insurance company assumes responsibility
in the case that the closing agent does not fulfill the terms of the loan, or
misappropriates the loan proceeds |
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Insured mortgage |
A mortgage that is protected by the Federal
Housing Administration (FHA) or by private mortgage insurance (MI) so that if
the borrower defaults on the loan, the insurer compensates the lender the
lesser of the loss incurred or the actual insured amount |
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Interest rate buydown
plan |
An arrangement made for the initial years of a
mortgage whereby the seller (or any other party) deposits money into an account
that is then released toward the monthly payments on the mortgage, thereby
bringing the mortgagor's interest rate down below the actual interest
rate |
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Interest rate ceiling |
The maximum interest rate for an adjustable-rate
mortgage (ARM), as specified in the mortgage note |
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Interest rate floor |
The minimum interest rate for an adjustable-rate
mortgage (ARM), as specified in the mortgage note |
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Interim financing |
A temporary or short-term loan, often made
during the construction phase of a building project, and usually replaced by a
permanent long-term mortgage |
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In testate |
The condition of dying without leaving a will.
The description of an estate without a will |
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Involuntary lien |
A claim or charge against property placed
without the consent of the property's owner |
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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
What is the average price for a home in the United States?
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| A |
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000. |
See More Real Estate Trivia > |
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Mara Muller, Broker Associate, ABR, CRS Premiers Sotheby's International Realty Across from The Ritz-Carlton 325 Vanderbilt Beach Road Naples, Florida 34108 Mara's Cell: 1-239-272-6170 Office: 1-239-594-9494 Email: Mara@MaraSellsNaples.com
Since 1996, Mara Muller has been fortunate to call Naples home. For your benefit, she is a Certified Residential Specialist® (CRS, a designation earned by fewer than 3% of Realtors nationwide), an Accredited Buyer's Representative® (ABR), and e-PRO agent. Mara will focus your search for the perfect Dream Home or effectively market your house for its maximum price. Her expertise has been utilized by almost 150 Happy Buyers and Sellers in the past 9 years, resulting in approximately $100,000,000 in sales.
Mara Muller has been honored by the Women’s Council of REALTORS® with the Top Producer Awards General Real Estate Sales three years in a row and Gulfshore Life magazine has awarded Mara "Five Star: Best in Client Satisfaction for each of the past 6 years, in addition to writing the monthly real estate column for the past 8 years for Neapolitan Family Magazine. A New England native, Mara is a graduate from The Moses Brown School in Providence, and McGill University in Montreal. 

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