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What Do All of those Real Estate Terms Mean, Anyway??
What Do All of those Real Estate Terms Mean, Anyway??
If you're working with a REALTOR® or real estate agent, I'm sure you noticed we use lots of terms.  Words you don't really use in YOUR every day conversation.

A few of them that come to mind are:
Comparables   Market Analysis   Saturation Rate   Recordation   Signing   COE   BINSR   SPDS   CLUE
We get so used to using them, we can sometimes forget that our clients, our buyers and sellers, aren't really familiar with those terms and abbreviations, and often won't even ask.
 
I'll try to give a very brief definition in regards to Real Estate Transactions in Pima County, Arizona.  Feel free to contact me for a more complete answer:
Comparables are homes that are on on the market for sale, or have been sold - most like YOUR property.
Market analysis is when we take all of those homes for sale, or that have been sold, and compare them to your home, and explain the market value of YOUR home, or the home you are looking to purchase.
Saturation Rate - It's sort of like the number of homes on the market/months of inventory. Example: 1000 homes on the market, ... more

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