French for the Win
Literally meaning "foot on the ground," it's that small apartment you'd like to own in central Paris or even PDX
What is a pied-a-terre?
A portion of the down payment for a home (usually 1-2%) that is paid within 3 business days after an offer is accepted.
What is earnest money?
This type of fish is also the name of a nationwide real estate company with a handy home search app
What is Redfin?
An association with this language prompted your chapter's real estate agent to go into business.
What is French?
The typical timeframe from offer acceptance to closing
What is 30 days?
From the Old French for "dead pledge" and originated in medieval England, this term referred to a pledge of property that became void if the debt was repaid
What is a mortgage?
Though legal in Oregon, this form of representation, in which buyer and seller work with the same agent, often leads to disputes
What is dual agency?
This company provides information and access to all houses for sale in the Portland metropolitan area, a must-have subscription for real estate agents in the Pacific Northwest
What is the Regional Multiple Listing Service (RMLS)?
The best mortgage professional you'll ever work with in a chicken suit.
Who is Andrew Cullum?
This type of insurance protects the owner of the property from losing their ownership due to fraud, forgery, or unpaid liens.
What is title insurance?
From the French for "tie" or "link," a right to keep possession of another's property until a debt is paid
What is a lien?
Now out of fashion, thanks to digital signing
What is a handwritten or wet signature?
This proprietary word mashup is an algorithm for what your home might be worth, says the computer
What is a Zestimate?
He's the agent who is not only a drama queen, but he can also help homeowners who find themselves with only state minimums
Who is Ted Gold?
Once this document is recorded with the county, you become the new owner of the real estate in transaction.
What is a deed?
This neutral third-party company that handles closing documents and funds has a name that originated from the French word for "scroll"
What is escrow?
All material defects the seller knows about their house that they are required to tell the buyer
What are disclosures?
Usually the most important element in the search for buyers with kids, aside from the number of bedrooms
What are schools? or What are school districts?
This agent spent years specializing in helping homeowners prepare their homes to list, bringing in contractors to paint, redo fixtures, stage, etc.
Who is Brooke?
They can amount to thousands of dollars, but with a savvy agent a buyer can get these paid for by the seller in the form of a credit
What are closing costs?