Category Archives: Glossary of terms

Short Sale vs. Foreclosure Sale vs. REO

Posted on February 11, 2008 by Jeff Dowler

There is lots of interest in properties that are commonly called distressed properties, as well as concern about the number of these that keep appearing on the market. Sometimes there is confusion about what these different properties are. So here … Continue reading →

Posted in Glossary of terms, Short Sales | Tagged , , , , , , | 4 Comments

What are CC and Rs?

Posted on October 1, 2007 by Jeff Dowler

As part of the disclosure process, once you have an accepted offer on California real estate in Carlsbad (or elsewhere), you will have to review the CC & Rs (if there are any) that exist for the home you are … Continue reading →

Posted in Due Diligence, FAQs, Glossary of terms | 2 Comments

Why Are There Disclosures?

Posted on June 12, 2007 by Jeff Dowler

As a first time home buyer you will run across a number of disclosures as part of purchasing your first home. These will vary from state to state. California has a large list of disclosures for buyer to review: natural … Continue reading →

Posted in Due Diligence, Glossary of terms, Real Estate Disclosures | Leave a comment

Do I Need a Buyer's Agent?

Posted on March 6, 2007 by Jeff Dowler

You may be wondering – do I need a Buyer Agent? Well, I wanted to follow-up on my last post about AGENCY and talk some more about what a Buyer Agent is and why it may be important to have … Continue reading →

Posted in Choosing a Realtor, FAQs, Glossary of terms, House Hunting, Realtor's Job | 4 Comments

Do You Know What Agency Is?

Posted on March 3, 2007 by Jeff Dowler

One of the terms you will hear in the real estate world is AGENCY. Do you know what agency is? Well, it’s pretty important, and there is a lot of confusion about it. Agency, simply, refers to the specific relationship … Continue reading →

Posted in Due Diligence, Glossary of terms, Realtor's Job | Leave a comment

Are You Making an Offer on a Short Sale Home?

Posted on February 14, 2007 by Jeff Dowler

If you are making an offer on a short sale home, there are some things to be aware of. If you are not familiar with short sales (there are lots of them, in many markets) or want a refresher, check … Continue reading →

Posted in Glossary of terms, House Hunting, Psychological Stuff | 1 Comment

What is a Condominium?

Posted on February 12, 2007 by Jeff Dowler

A condominium, more commonly referred to as a condo, is a type of legal ownership in a property. A condo owner has separate fee interest in a particular unit (or units if they own more than one). However, all condo … Continue reading →

Posted in FAQs, Glossary of terms, Homeownership | Leave a comment

What is a PUD?

Posted on February 12, 2007 by Jeff Dowler

PUD stands for Planned Unit Development. It is often simply called a planned development, but you will see PUD in the MLS in Southern California, and other areas as well. Such communities are common in rural and suburban areas. A … Continue reading →

Posted in FAQs, Glossary of terms, Homeownership | 2 Comments

Covenants, Conditions and Restrictions (CC & Rs)

Posted on January 24, 2007 by Jeff Dowler

As a first time buyer here in California, you will most likely run across these if you are buying a home in some sort of subdivision (very common in our area). CC & Rs come to light during the contingency … Continue reading →

Posted in Due Diligence, FAQs, Glossary of terms | Leave a comment

What is Title Insurance?

Posted on December 10, 2006 by Jeff Dowler

As a new buyer, it is important to understand what Title insurance is and why it is essential. While you may have a choice whether or not to purchase an owner’s title insurance policy, your lender will require that you … Continue reading →

Posted in FAQs, Financial, Glossary of terms | Leave a comment