Good Afternoon Readers,
Hope everyone is enjoying the beautiful weather! As promised today I will be going through letters E-L
Equity: Homeowners financial interest in a property. It's the difference between the fair market value of the property and amount that is still owed on mortgage.
Estate: Ownership interest of an individual in real property. The sum total of all real property and personal property owed by the individual at time of death.
Exclusive listing : A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.
Fair Market Value: The highest price tat the buyer is willing but not yet convinced to buy and the lowest price the seller is willing to accept.
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