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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

AB CD EF GH IJ KL MN OP QR ST UV WX YZ

W

Waiver

The relinquishing of a right

Warranty

A guarantee provided to the purchases regarding the quality of appliances or fixtures sold
Also a promise by the grantor of a piece of property that he or she is responsible to the buyer if the title of ownership is defect in any way

Warranty deed

A document conveying ownership of a property that guarantees a clear, clean title

Will

A written document stating how an individual chooses to have his or her property distributed after his or her death

Wraparound loan or Wraparound mortgage

A method of refinancing which covers the remaining balance on an existing first mortgage as well as the additional amount of loan being requested by the mortgagor; full payments covering both mortgages are made to the Wraparound mortgagee, who then forwards on the portion of payment due to the first mortgagee

AB CD EF GH IJ KL MN OP QR ST UV WX YZ



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Real Estate Tips
Selling Your Home >The Best Real Estate Agents

The best real estate agents in today's marketplace are becoming even better about marketing the homes they list to the public, as well as to other agents who have potential buyers.

When you are interviewing prospective real estate agents to help you sell your home, ask how they find buyers. In the past, a "For Sale" sign would go into the ground, the basic information went into the Multiple Listing Service, and then there was an occasional Sunday classified ad and an "open house". If the house did not sell right away, the agent might recommend a price reduction.

Agents today are much more sophisticated and pro-active about getting people into their homes. They rely on computers, direct mail, telemarketing, and just plain clever ideas that no one else has tried. Ask prospective listing agents for two things--a written analysis of what is happening with housing prices in your area and a marketing plan which outlines how they would get your home from "For Sale" to "Sold".

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Real Estate Trivia
Q 
What holds the title as the tallest reinforced concrete building in the U.S.?

A 
311 South Wacker Drive in Chicago was completed in 1990 and is 65 stories high.
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The Scott Hoffman Team, REALTOR®, real estate agents and broker for Wake Forest, Raleigh and Cary, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

The Scott Hoffman Team
Coldwell Banker Howard Perry and Walston

5000 Falls of Neuse Road
Suite 100
Raleigh, NC 27609
Phone: 919-877-8921
Voice Mail: 919-990-3213
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