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About Pine Needle Baskets and How to Use Them in Your Home Decor
Have you ever had the pleasure of strolling through a forest covered with fragrant pine needles? Can you imagine those pine needles being crafted into a basket, tray, or sculpture? In this article, you will discover the brief history of pine...
Choosing Conservatory Blinds
Since conservatories have so many windows, choosing conservatory blinds is extremely important. The blinds are a major part of the room's decor and can really help create a strong, beautiful design. Luckily, there are many wonderful blind...
Exorcising that Purple Passion! Removing Your Old Wallpaper
Please consider this article for your ezine or website. Permission to reprint if byline stays intact. Courtesy copy required. TITLE: Exorcising that Purple Passion! Removing Your Old Wallpaper AUTHOR: Pamela Cole Harris WORD COUNT: 554 WRAP: 65...
Humidifier or Dehumidifier-Which is Right for You?
The humidity level within our homes is very important to our
health, too much or too little humidity can cause everything
from condensation and mold to dry skin and respiratory issues.
Our homes and our bodies depend on the right humidity levels...
Pricing You Home To Sell
When it comes time to sell your home, settling on your list price is one of the most important decisions you will make. All sellers want to command the highest price possible, while all buyers, of course, want to buy a house for the lowest amount...
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Real Estate Terms – From Pre-approval Letter To Townhouse
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “Pre-Approval Letter.”
1) Pre-Approval Lender Letter – a writing from a lender stating that a potential buyer has approval to borrow a stated amount of money from his firm based on having documented all the personal information needed. Final approval is subject only to the lender’s receiving a copy of a contract to purchase real estate, a satisfactory appraisal of that real estate, and its underwriting department’s review of all pertinent information. In other words, the buyer qualifies so long as the property does and no changes occur.
2) Pre-Qualification Lender Letter – a writing from a lender stating that a potential buyer is able to get a loan in a named amount. It typically states the price of real property to be purchased, and what information the lender had when forming his opinion. When a lender has pulled a borrower’s credit file, his opinion is worth more than if he just based it on what the borrower told him.
3) Real Estate, or Real Property – ground, any plants growing in it, any minerals under it, and any buildings or other improvements built on it.
4) Septic System – a self contained means of disposing of sewerage which tends to intimidate city dwellers. The simple version is a holding tank in which enzyme and bacterial action decomposes the waste material and buried lines in a drainage field which uses soil
to strain out what remains. This works very well in soil which percolates well (water drains through it quickly). More elaborate septic systems are often needed in areas with heavy, clay soil and in areas with a high water table. Some properties are totally unsuited for septic systems and cannot be built on until public sewer is available.
5) Title Insurance – insurance which will compensate the insured for the value of his ownership or collateral position in real property if a person not thought to be a current owner materializes as an owner. (I’ve seen this come into play when property was owned by many heirs a generation or two ago.)
6) Townhouse - A single family attached dwelling unit with common walls.
Well, as promised, it’s not a be-all, end-all, but we have covered lots of the important definitions and concepts needed to successfully handle your for sale by owner transaction. If I’ve missed something, don’t hesitate to visit our site to read more.
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
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