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Real Estate Dictionary

Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

O

Open listing

A contract under which the broker is commissioned to find a buyer before the property is sold by the seller or another competing broker

Option

The agreement to keep an offer to purchase or lease open for a specific period of time

Option listing

An agreement by which the broker advertising the property has the right to purchase the listed property himself

Origination fee

A fee paid to the lender for processing a loan application

Owner financing

A property transaction for which the seller provides all or part of the financing to the buyer

Owner's Title Insurance

A policy insuring the full purchase price of a piece of property for the buyer, usually including adjustments for inflation each year up to a maximum of 150% of the original policy amount, the premium for which is payable at the time of closing

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Trivia
Q 
What is a VA home loan?

A 
The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans.
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Melinda Estridge, REALTOR®, real estate agent and broker for Washington, DC, Chevy Chase and Bethesda, Maryland home listings, property and land for sale

Melinda Estridge
Long and Foster Realtors Bethesda

4650 East West Highway
Bethesda, MD. 20814
Phone: 301-215-6837
Fax: 301-951-7668
Email: melindaestridge@NUMBER1EXPERT.com

Melinda Estridge is in the TOP ˝% of all Realtors in America with over 200 million in Sales. She brings her clients over 20 years of experience. Her service, reputation, and professionalism are well respected. Real estate and homes for sale in Bethesda and Chevy Chase Area of Maryland and Washington DC are her speciality.


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