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Property Spotlight
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Chiefland For Sale
$15,000
0 Beds / 0 Baths
| This is one of two larger adjacent lots available for you. The other lot is MLS NUMBER 210008270. This lot is priced significantly lower than it was purchased for, just to sell... more >>
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Chiefland For Sale
$17,000
0 Beds / 0 Baths
| This is one of two larger adjacent lots available for you. The other lot is MLS NUMBER 210008276. This lot is priced significantly lower significantly lower than it was purchased for, just to sell... more >>
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Bonita Springs For Sale
$125,000
0 Beds / 0 Baths
| Nestled away on the Imperial River and close to the heart of Bonita Springs, Serrano, a gated community, provides you with a strong feeling of quaint opulence... more >>
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Naples For Sale
$142,500
0 Beds / 0 Baths
| Carpe Diem! - Here's an opportunity to own a piece of waterfront property without hurting your wallet. Boat Slip #11 is a 34-foot slip, approximately 14-feet wide, and in a deep water marina - approx... more >>
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Bonita Springs For Sale
$165,000
2 Beds / 2 Baths
| What an opportunity! This IS a Short Sale. This unit in a beautiful, well located community. Your unit will be #204...it is a very sought-after corner unit... more >>
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Bonita Springs For Sale
$185,000
2 Beds / 2 Baths
| What an opportunity! Reduced to Sell Now!! This is NOT A Short Sale. This is a beautiful, very new building in a beautiful, well located community. Your unit will be #201..... more >>
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Estero For Sale
$240,000
4 Beds / 2.5 Baths
| Enter through the custom made Cantera doors. Now..... more >>
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Bonita Springs For Sale
$1,000,000
0 Beds / 0 Baths
| This Vacant Residential Corner Lot in the exclusive community of Dolphin Cove in Bonita Springs where existing homes are available starting in the low $2 millions... more >>
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Bonita Springs For Sale
$1,000,000
0 Beds / 0 Baths
| This Vacant Residential Corner Lot in the exclusive community of Dolphin Cove in Bonita Springs where existing homes are available starting in the low $2 millions... more >>
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View All Our Picks >>
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REAL ESTATE DICTIONARY
Results
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O-ring
A small rubber
ring that provides a water seal in faucets and other plumbing
fittings. |
obsolescence
Loss in
value because a home's design and construction have become obsolete.
|
online real estate listings
Properties listed for sale on the Internet. |
open house
A
marketing tool in which a listing agent opens a house to the public for
viewing. |
open listing
A
property given to a number of brokers to market at the same
time. |
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open space
Undeveloped land or common areas in a planned community reserved
for parks, walking paths, or other natural uses. |
option
A situation in
which a buyer puts down money for the right to purchase a piece of real estate
within a set time period but does not have an obligation to
buy. |
option listing
A
listing agreement with a clause that gives the listing broker the right to
purchase the property. |
oral agreement
Contractual arrangements that are not in writing and are usually
not legally binding. |
orange peel
A type of
wallboard finish with a texture like that of an orange peel. |
oriented-strand board
Often abbreviated "OSB," this is a relatively inexpensive
manufactured wood panel that, like plywood, is sold typically in a 4-by-8-foot
size and used for roof and wall sheathing. |
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original principal balance
The amount of principal owed on a loan before a borrower makes any
payments. |
origination fee
A fee
charged by most lenders to cover the direct costs of arranging the loan; also
called points. A point is 1 percent of the total loan amount. |
ostensible agency
An
implied agency relationship not involving a written agreement or
documentation. |
outbuilding
Any barn,
shop, shed, or other structure located on a lot in addition to a house or other
main building. |
overflow plate
A
small plate that covers an outlet near the rim of a sink or tub. If the water is
left running, this allows it to drain away to prevent
overflows. |
overflow prevention switch
A special air-pressure switch in a dehumidifier that turns the unit
off when water in the reservoir rises to a certain level. |
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overhang
A
protruding structural feature. |
overimproved property
Property that could not be sold at a price high enough to recoup
the costs of improvements. |
owner financing
A
transaction in which the seller of a property agrees to finance all or part of
the purchase.
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