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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

N

NATIONAL ASSOCIATION OF REALTORS^® (NAR)

A real estate trade organization that sets the standards for integrity and honesty within the real estate profession nationwide

Negative amortization

A gradual increase in the balance of a loan or mortgage which occurs because the monthly payments made are too small to cover the entire principal and interest charges; this shortfall amount is added to the remaining balance, resulting in negative amortization

Net listing

The advertisement of the price of property for sale in terms of the net price the seller will receive, once the property is sold, a type of listing which is illegal in many states

Net worth

The total value of all of an individual's assets, minus all liabilities or debts

No cash-out refinance

A transaction for refinancing a mortgage in which the new mortgage amount is limited to the sum total of the remaining balance of the first mortgage, points, closing costs, whatever is required to satisfy any liens that are more than one year old and other funds for the borrower's use (as long as the amount is one percent or less of the principal amount of the new mortgage)

Notary

An individual authorized by law to certify documents and signatures

Note

A legal document that obligates a borrower to repay a loan or owed sum of money at a stated interest rate over a designated period of time

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

Time to Move >Smooth Moves

There are many details to handle when you move out of one house and into another. Since it is easy to forget things in the rush of moving, making a written checklist of everything that needs to be done is an invaluable aid.

Be sure to include such tasks as providing the post office, your bank, credit card companies, and publications to which you subscribe with your new address. Let your insurance agent know about the move to ensure that your personal property will be covered at both houses. Call the utility companies ahead of time to arrange for the cut-off and turn-on dates for gas, electricity, water and telephone service. Put important documents, such as birth or marriage certificates, tax returns and home ownership documents together in a safe place as you pack, so that you can locate them easily.

It will give you a great deal of satisfaction to check off each item on your list as it is handled.

	See All Tips In The "Time to Move" Category >
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Real Estate Trivia

Q	Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
A	Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria.
See More Real Estate Trivia >

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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