Real Estate Glossary - What does it all mean? (the letter G)

Real Estate Agent with Coldwell Banker Jane Henry Realtors (Wylie TX & LovejoyISD) TX Lic# 055794

If you are a consumer (a home buyer or a home seller, or just a real estate watcher) you may not be familiar with all of the terms involved in real estate transactions.   Realtors® know the terminology, but wouldn't it be great to have that information as a consumer?  A "Real Estate Terminology Dictionary" of sorts.

Look no further, here is the next installment of the Real Estate Glossary! 

GENERAL CONTRACTOR - A construction specialist who enters into a formal construction contract with a land owner or master lessee to construct a real estate building or project.

GOOD FAITH - Bona fide. An act is done in good faith if it is in fact done honestly, whether it be done negligently or not.

GRANTEE - The person who receives from the grantor a grant of real property.

GRANTOR - The person transferring title to, or an interest in, real property. A grantor must be competent to convey; thus, for example, an insane person cannot convey title to real property.

GROSS AREA - The total floor area of a building measured from the exterior of the walls (excluding those unenclosed).

GROSS INCOME MULTIPLIER - A useful rule of thumb to estimate market value of income producing residential property. The multiplier is derived by using comparable sales divided by the actual or estimated monthly rentals and arriving at an acceptable average.

Posted by

Blog Subscription for North Texas Top Team Realtors Or you may want to connect with me here:  Connect With Me on Facebook    Follow me on Twitter    Connect With Me on LinkedIn    CRS Logo  Watch Videos of Homes for Sale

Melissa Hailey, Broker/Associate, Realtor, CRS, SFR, AHS
North Texas Top Team Realtors
Coldwell Banker Jane Henry Realtors


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate General Information
Texas Collin County
Christianity and Real Estate
Lone Star Real Estate Professionals
CRS Realtors in ActiveRain
Certified Residential Specialists
real estate terminology
real estate glossary
collin county realtor
coldwell banker agent
sage creek
woodbridge home
realtor in wylie texas

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Charlie Ragonesi - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

This is such a great concept and series I wish I had thought of it. I am very jealous and very happy to be reading these

May 19, 2010 05:50 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Melissa Hailey

Collin County Realtor-Lucas, Murphy, Plano, Parker
Ask us a question...we have the answers!
Spam prevention