hen buying or selling a insurance policy which pays for
property, it always helps repairs to the working systems
to have a basic (heat, air conditioning,
understanding of real estate plumbing, etc.) and appliance
terms. In this on going series of repairs during the first year of
articles, we take a look at home ownership. Details vary.
definitions starting with "home Usually there is a deductible
inspection." amount. They can be bought by the
buyer or by the seller for the
1) Home Inspection - an buyer.
inspection of the condition of a
home. They are done item by item, 3) Limited Power of Attorney - a
from roof to foundation, and writing which gives another
include looking closely at things person the legal ability to act
like plumbing, heating, air for and sign papers for the buyer
conditioning, sinks, tubs, and or seller in connection with the
faucets, and any appliances which purchase and sale of a specific
convey. The general concept is real property. (An example of
that the home inspector is this happened last summer when a
trained to spot problems that friend of my son's gave his wife
typical Susie and Sammy Homebuyer a limited power of attorney to
are likely to miss. They are not enable her to finalize the sale
usually intended to bring up of their home after he left for
discussion about items Susie and Iraq with members of his National
Sammy can easily see for Guard unit. A happy postscript is
themselves like the color of the that the young man has now
wall paint or what the carpets returned home.)
look like.
4) Personal Property - appliances
2) Home Warranty Policy - an which are not built-in, play
equipment which is not attached, have a general understanding. In
furniture, plants in containers. our next article, we continue
with the terms starting with
As you can image, there are many "Pre-Approval Lender Letters."
real estate terms for which you
About the Author:
Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
Source: www.isnare.com
