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About Appraisals >The Language of Real Estate Agents
Technical terms can be confusing to people who do not work in a profession, and real estate agents use language that may be confusing to many home buyers and sellers.
If you find your eyes glazing over when your real estate agent starts talking about escrow, clear title, easements, encroachments, contingencies, financing, appraisals and the closing process, don't hesitate to ask for a translation. Buying or selling a home is a major step, and professional real estate agents are totally committed to helping you understand the process thoroughly so that you can make informed decisions.
The simple transaction of trading the sellers' house for the buyers' money has become complicated by several hundred years of custom, common law, and state and local government requirements. Consumer demands have resulted in up-to-date rules that communication be as clear and understandable as possible. Real estate agents work to create an atmosphere in which you feel comfortable to ask questions.
What private residence is considered the most expensive house ever built?
A
The William Randolph Hearst Ranch in San Simeon, California cost over $30 million, equivalent today to $276,883,320. Bill Gates recently built a home for over $40 million.
The Gresham Group Reece & Nichols Realtors 100 Cedar Tree Square Belton, MO 64012 Office: 816-348-4817 Fax: 816-322-5820 TheGreshamGroup@NUMBER1EXPERT.com
Each member of The Gresham Group is highly skilled and ready to help you find just the home you are looking for in today’s market. Financing is a snap with our fast no obligation, confidential pre-qualification. First time homebuyer, moving up, or down sizing, The Gresham Group has the answers to all your real estate questions.
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