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Majority |
The age at which an individual is legally
entitled to handle his or her own affairs |
|
Margin |
The amount added to the index on an
adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a
given time |
|
Market value, or Fair market
value |
The most likely price that a piece of property
or home can realistically be sold for, and is dependent on the selling price of
similar real estate in the area |
|
Marketable title |
A clear, unencumbered title, reasonably
acceptable without the threat of the risk of litigation |
|
Maturity |
The date on which the principal balance of a
loan, bond, or other financial commitment is due and payable |
|
Mechanic's lien |
A lien created by statute to allow unpaid
contractors, laborers or suppliers who have performed work on or furnished
materials for the construction of a building to recover the value of their
work |
|
Metes and Bounds |
Means for describing property by a set of
directions and distances, when there isn't identification based on a surveyed
lot number |
|
Minor |
An individual below the age at which he or she
is legally entitled to handle his or her own affairs |
|
Monument of Survey |
le indications made on natural or man-made
objects that indicate the boundaries of a survey |
|
Mortgage |
A legal document that pledges a property to the
lender as security for the payment of a loan or debt |
|
Mortgage broker |
An individual or company that acts as an agent
between borrowers and lenders for the purpose of arranging and negotiating
mortgage contracts; who is paid a fee for such service |
|
Mortgage insurance |
A contract that guarantees the lender against
loss caused by a mortgagor's default on a government or conventional mortgage;
such insurance can be issued by a private company or by a government agency,
and covers either only a percentage, or the total, of the mortgage
loan |
|
Mortgagee |
The lender in a mortgage
transaction |
|
Mortgagor |
The borrower in a mortgage
transaction |
|
Multiple-listing service
(MLS) |
An organization of brokers who share their
listing agreements with one another in order to find buyers for their
properties more effectively than they could individually |
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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 currently the most sought-after amenity in the majority of upscale homes?
|
| A |
Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice. |
 See More Real Estate Trivia > |
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Allen and Jeanne Deal
The Deal Team
Keller Williams Realty
243 Beauvoir Road Suite A
Biloxi, MS 39531
Allen Deal Cell: 228-861-4165
Fax: 228-257-7501
Jeanne Deal Cell: 228-424-6521
TheDealTeam@gmail.com
The Deal Team with Keller Williams Realty in Mississippi Gulf Coast provides expert Real Estate services and strategies to help you get great deals in the competitive market. With over 12 years combined of real estate experience, Allen and Jeanne Deal are experts in many parts of real estate industry, including Residential, Land, Condos and Commercial Sales and Leases. Casino Relocation, cooperate employees, and Military personal, and also in real estate consulting, negotiation, and marketing strategies for sellers and buyers. The Deal Team has over 100 Keller Williams’ Realtors® in our Office.      
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