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Real Estate Dictionary

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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

J, K

Joint Ownership Agreement

An agreement made between two or more owners of the same property, defining their rights and responsibilities (e.g. recommended in the case of married owners of property)
See Equity sharing

Joint tenancy, or Tenants by the entirety

Ownership of real estate by two or more parties held jointly for life; if one of the owners dies, the survivor(s) inherit the property without reference to the deceased's will

Judgment

A decision or decree made by a court of law

Judgment lien

A claim against the real property of a debtor, as decreed by the court

Jumbo loan, or Non-conforming loan

A loan amount that exceeds the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation; because such loan cannot be funded by these two agencies, it carries a higher interest rate

Junior mortgage, or Secondary mortgage

A mortgage whose claim to repayment is of lesser priority than another, previously recorded mortgage

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 Tips

Closing or Settlement >The Inspection Before Closing

Home buyers will have an opportunity to walk through the house they purchased just before the closing to make sure it is in the same condition as when the contract was ratified. They will check the appliances and make sure that the agreed-upon repairs were completed.

Buyers usually see their new home empty for the first time just after the movers have left. Suddenly they see the dark rectangles and nail holes where pictures used to hang, and all the "dust bunnies" that were concealed by furniture. The contract calls for the house to be "broom clean" and free of trash and debris. However, real estate agents encourage sellers to leave their homes impeccably clean for the pre-closing walk-through inspection, and many homes are turned over in spotless condition.

Sometimes the seller's hectic moving schedule, fatigue, or unequal housekeeping standards require the buyers to clean the house thoroughly before they feel that they can move in. If you are afraid that a messy house could trigger problems at the closing, be sure to make your house shine for this important inspection.

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Real Estate Trivia

Q	What weighs 320 tons and is considered the largest single block building?
A	Pyramid of Mycerinus (Third Pyramid) at El Gizeh, Egypt is the largest single block building and the world's oldest pyramid.
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Sharon Jagoda Sigman, REALTORŽ, real estate agent and broker for Kansas City, Overland Park, Prairie Village, Lenexa, Mission Hills, Liberty and Leawood, Kansas home listings, property and land for sale - NUMBER1EXPERT

Sharon Jagoda Sigman
WEICHERT, REALTORSŽ - Graham Welch
5200 W 94th Terr, Suite 202
Overland Park, KS 66207
office: 913-381-6789
Toll Free: 800-291-1302
home office: 913-381-6794
Fax: 866-714-4532
cell phone: 913-488-8300
Email: Sharon@HomesInKansasCity.com
email: sharon@kchomes.net
As a native to Kansas and a former area high school English teacher in the Shawnee Mission school district, I am able to give buyers extra assistance and information on schools and the city. My license plate "REALTOR" lets everyone know my profession. My customers find that I am easy to work with and an excellent negotiator. My slogan "choose this LEFT handed realtor to help you make the RIGHT move" expresses my desire to help my buyers find the right home or my sellers to find the right buyer for the best price and terms. I have had my brokers/realtors licenses for over 25 years and have consistently been one of the top 5 realtors in the city on both the Kansas and Missouri sides. I hold various designations and degrees: CRS (certified real estate specialist..only 5% of Realtors belong), Number1 Expert with top DIAMOND designation, ABR (accredited buyers agent), SRES(senior citizen representative), CSP (certified new sales consultant-to build) and e-PRO. My education consists of BA and Masters from University of California at Berkeley. I have 3 daughters, 1 dog and 1 cat. My recently licensed Schipperke, Skipper, was rescued by me from a local animal shelter so he helps me find some DOG GONE good homes for my clients! I belong to various organizations like Friends of Art, Friends of the Zoo, Native Sons of Kansas City, Hadassah, Brandeis, local and national realtor organizations. My hobbies are art, traveling, reading, paintin, working out, and horse back riding. My other web sites are www.GreaterKansasCityHomes.com www.GreaterKansasCityHomesAndLand.com www.KCHomes.net www.sharonsigman.com www.realestateinoverlandpark.com www.isellkansashomes. con www.homesinkansascity.com. I have a toll free 800 number ( 800-291-1302 )that follows me. Facebook me www.facebook.com/sharon.sigman Sharon Sigman 913-488-8300 Sharon@HomesInKansasCity.com

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