1 of 14 photos Pacific BeachCA For Sale $249,9001 Beds / 1 Baths
Unbelievable location only 3 blocks to the beach! This condo has everything you need with granite counter tops, travertine in the bathroom, maple flooring, and cherry cabinets...
1 of 1 photos San Diego For Sale $279,0004 Beds / 2 Baths
4BR/2.5BA
From the front porch you can see the OCEAN! Handyman special - bring your tool belt and fix this home up! Large back yard - for you to create your own private haven...
1 of 14 photos San DiegoCA For Sale $299,9993 Beds / 1 Baths
FREE 24 HOUR RECORDED INFO AT 1-800-433-0203 EXT. 7773
This 3 bedroom, 1 bath home is a beautiful blend of classic 1940''s charm and modern upgrades...
1 of 9 photos EscondidoCA For Sale $325,0004 Beds / 2 Baths
Great opportunity to customize to your taste and style. Home is ready for your TLC to make this YOUR DREAM HOME! You can easily add another bedroom and bath above the garage making it a 5 bed/3 bath...
1 of 7 photos SanteeCA For Sale $389,0003 Beds / 4 Baths
Must see the breath taking views in Northstar at Sky Ranch this complex is nestle in the hills of Santee. You will feel at home in this upgraded townhome...
1 of 9 photos San DiegoCA For Sale $399,0002 Beds / 3 Baths
REDUCED! This townhome is located in a quiet complex Chateau Village. This complex features pool, spa and tennis courts. You will feel the openness with the vaulted ceiling...
1 of 2 photos EncinitasCA For Sale $429,0003 Beds / 2 Baths
This single story home is located in Village Park. This is a great neighborhood with parks and walking trails. The home has a fireplace in the living room to cozy up to with your friends and family...
1 of 25 photos EscondidoCA For Sale $1,150,0004 Beds / 6 Baths
Luxury Defined-elevated and Private Architectural Gem with dark bottom pool with waterfall, swim ledges and separate spa with waterfall and views to Catalina Island, when clear...
1 of 22 photos CarlsbadCA For Sale $1,950,0004 Beds / 4 Baths
Sensational views and a sense of privacy elevated from street with entry garden and mature palms. Side lot is mostly vacant with perimeter landscape plus multiple fruit trees, olives and palms...
1 of 15 photos San DiegoCA For Sale $2,075,0003 Beds / 3 Baths
Designer''s own home with many customized features showcasing indoor\/outdoor living with San Diego''s climate and views taking full advantage of this elevated, private lot walking distance to Old ..
amortization The process of
paying the principal and interest on a loan through regularly scheduled
installments. Initially, most of each payment is applied toward interest
owed, and later in the loan term increasingly applied toward principal.
appraisal An opinion of the value of a property at a given point in time.
closing The final procedure in which documents are signed and recorded and the property is transferred.
comparative market analysis An estimate
of the value of a property based on an analysis of sales of properties with similar characteristics.
credit report
A detailed account of an individual's credit, employment, and residence history. A lender uses this report to determine a loan applicant's
creditworthiness.The three largest credit bureaus are Trans Union Corp.,
Equifax, and Experian (formerly TRW).
disclosure A statement to a
potential buyer listing information relevant to a piece of property,
such as the presence of radon or lead paint.
escrow A neutral third party
holds documents and money for a real estate transaction and ensures that
all conditions of a sale are met. Also refers to a special account that
a lender uses to hold a borrower's monthly payments on property taxes
and insurance.
home inspection An examination of a
home's construction, condition, and internal systems by an inspector or
contractor prior to purchase.
homeowner's insurance This insurance includes hazard coverage for any damages that may affect
the value of a house, in addition to personal liability and theft
coverage. interest rate The fee,
expressed as a percentage, charged for a loan. The interest rate also
helps determine the monthly payment. For adjustable-rate loans, the
interest rate may change from its initial level.
mortgage In casual use, a sum
of money borrowed to purchase a home at a certain interest rate using
the property as collateral. In formal use, a mortgage is the legal
document that pledges property as collateral for a loan.
multiple listing service (MLS)
A service that combines listings of all available homes in an area
into one directory or database, with the exception of For Sale By Owner
(FSBO) properties.
point
An amount equal to 1 percent of the loan amount. Points may be paid
by the borrower at the time the loan is made to get a lower interest
rate. Lenders offer various rate/point combinations.
prequalification A lender's
preliminary assessment of a buyer's ability to pay for a home, and an
estimate of how much the buyer may borrow.
property tax Tax paid on privately owned property. Property taxes are usually paid semiannually, or monthly
if the lender requires. The amount is based on local tax rates and
assessed property value.
purchase agreement A document that details the purchase price and conditions of the transaction.
refinancing The process of
replacing an older mortgage with a new mortgage that has better terms.
title
The legal document conferring ownership of a piece of real estate.
