Skip to main content

Tag Archives: Real Estate language

What is a Condition Report?

A Real Estate Condition Report is a report disclosed by the seller regarding the condition of their property.  It is a standard state form completed by the seller, typically at the time of listing their property with a Realtor or agent.    It is not a warranty, nor is it a substitute for any inspections or […]

What Is An Appraisal?

Last week we discussed the meaning of a ‘Comparative Market Analysis’ which some people confuse with an appraisal report.  But there is a difference.  Though a CMA determines the market value of a property based on similar properties in the property’s area, an ‘Appraisal Report’ is what is required by a mortgage company before providing […]

Real Estate Terminology

Once a week, we will attempt to give you insights to the world of real estate, familiarizing you with terms and phrases. So, when you decide to list a property, or to buy one, you will be acquainted with real estate language. We, at McKinney Realty, LLC want to guide you toward confidently communicating with […]

Jump to top