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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

M

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

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 Trivia
Q 
What is the highest skyscraper hotel in the world?

A 
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world.
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Delilah and Company, REALTORŪ, real estate agent and broker for Barton Creek, Westlake and Lakeway, Texas home listings, property and land for sale

Delilah & Co.
Keller Williams Lake Travis

1921 Lohmans Crossing
Suite 100
Phone: (512)402-1330
Cell: (512)415-5364
Fax: (512)410-3538
Delilah: Delilah@WestAustinHomes.com

Delilah & Co.(WestAustinHomes.com) brings more to the table than anyone else when it comes to your real estate needs.

Whether you are buying, selling, or renting a property, Delilah & Co. (WestAustinHomes.com), the top producing team at Keller Williams Lake Travis office, utilizes the latest information technologies, market research, and business strategies to exceed all of your expectations.

Over the past years, Delilah & Co. (WestAustinHomes.com) has become one of Austin's most respected Real Estate teams. Our team ranks among the top producing teams in Austin and has received many local awards as well as been recognized several times in the Austin Business Journal.

Our motto at Delilah & Co. (WestAustinHomes.com) is to work hard, to be committed, to always bring integrity in every deal, and to put our clients first in every aspect of the buying and selling process. Our clients make us who we are!

Our goal is not just selling or buying homes or investment properties, it is to create LIFE LONG relationships by representing our clients from contract to close. We are truly dedicated to be the best team by offering the best service to our clients twenty-four seven!

From finding a great home to real estate investing, Delilah & Co.(WestAustinHomes.com) will find the real estate solution that is right for you.


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