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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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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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School Reports in San Antonio, Bulverde and San Antonio Military Bases, Texas
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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Texas Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in San Antonio, Bulverde and San Antonio Military Bases 



Real Estate Tips
Real Estate Contracts >Contingency Sale

Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.

The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.

Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.

See All Tips In The "Real Estate Contracts" Category >
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Real Estate Trivia
Q 
What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?

A 
The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool.
See More Real Estate Trivia >


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The San Antonio Home Quest Team, REALTOR®, real estate agent and broker for San Antonio, Bulverde and San Antonio Military Bases, Texas home listings, property and land for sale - NUMBER1EXPERT

Stephanie & Randy Kelley
The San Antonio Home Quest Team

Keller Williams Legacy
1102 East Sonterra Boulevard, Suite 106
San Antonio, TX 78258-3999
(Stephanie Direct): 210-867-8743
(Randy Direct): 210-863-2661
(Toll Free): 800-201-9145
Fax: 210-493-4669
sanantoniohomequest@NUMBER1EXPERT.com

Stephanie & Randy Kelley have been top San Antonio producers and leaders each year since they entered the real estate profession. They pride themselves on their ability to make the real estate buying,selling and management process as effective and trouble free as possible. Their commitment to quality customer service and satisfaction is evident and can be attested to by many happy customers and clients. Call Stephanie or Randy today!!!

ABR CRS GRI wcr Equal Housing MLS REALTOR




Keller Williams Legacy real estate and homes for sale in San Antonio, Bulverde and San Antonio Military Bases, Texas

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