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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

N

NATIONAL ASSOCIATION OF REALTORS® (NAR)

A real estate trade organization that sets the standards for integrity and honesty within the real estate profession nationwide

Negative amortization

A gradual increase in the balance of a loan or mortgage which occurs because the monthly payments made are too small to cover the entire principal and interest charges; this shortfall amount is added to the remaining balance, resulting in negative amortization

Net listing

The advertisement of the price of property for sale in terms of the net price the seller will receive, once the property is sold, a type of listing which is illegal in many states

Net worth

The total value of all of an individual's assets, minus all liabilities or debts

No cash-out refinance

A transaction for refinancing a mortgage in which the new mortgage amount is limited to the sum total of the remaining balance of the first mortgage, points, closing costs, whatever is required to satisfy any liens that are more than one year old and other funds for the borrower's use (as long as the amount is one percent or less of the principal amount of the new mortgage)

Notary

An individual authorized by law to certify documents and signatures

Note

A legal document that obligates a borrower to repay a loan or owed sum of money at a stated interest rate over a designated period of time

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 Tips
Selling Your Home >Selling the Details

It is the little things--both positive and negative--that can make a big difference to prospective buyers. Pay close attention to detail when you prepare your home to sell.

Before you list your home, go through the house with a careful eye. Fix any loose door knobs, popped screen doors, and loose grout around the tub and shower. A coat of fresh paint can work wonders to dress up a house. Wash the windows, hang a healthy plant from the bathroom skylight, and clean out the closets. Arrange the furniture to make the room look larger. If the rooms look cluttered, put your extra furniture into storage. You can brighten up a room by increasing the wattage of the light bulbs.

Going the extra mile to showcase your home will pay significant dividends when it's time to show it to buyers.

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Real Estate Trivia
Q 
What are considered the ideal conditions for a seller's market?

A 
In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS.
See More Real Estate Trivia >


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Sean & Christine Remington, REALTOR®, real estate agent and broker for Rio Rancho, Corrales and Albuquerque, New Mexico home listings, property and land for sale - NUMBER1EXPERT

Sean & Christine Remington
Prudential Sandia Real Estate

6739 Academy NE, Suite 200
Albuquerque, NM 87109
Sean: 505-307-4006
Christine: 505-977-2004
Fax: 888-291-7121
Sean's Email: Sean@SeanRemington.com
Christine's Email: ChristineRNM@gmail.com

Don't leave such important decisions in the hands of just any real estate agent. Trust one of New Mexico's Top Real Estate Teams who makes it look fun and easy; Sean & Christine Remington. Having gone the extra mile to pursue extended education in real estate coupled with a heavy volume of experience ensures that when choosing to work with Sean & Christine - you have made the right choice.


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