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A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker
Option
The agreement to keep an offer to purchase or
lease open for a specific period of time
Option listing
An agreement by which the broker advertising the
property has the right to purchase the listed property himself
Origination fee
A fee paid to the lender for processing a loan
application
Owner financing
A property transaction for which the seller
provides all or part of the financing to the buyer
Owner's Title Insurance
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
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Gayla McGowan Keller Williams Realty 17700 SW UPPER BOONES FERRY RD. PORTLAND, OR 97224 Office #: 503 924-3533 Direct #: 503 706-9298 Fax #: 503-924-3588 Email: gayla@gaylamcgowan.com
Over the past 13 years Gayla has established herself as the “go-to” realtor when it comes to buying and selling homes in the greater Portland Metro area. Her detailed knowledge of our city’s neighborhoods and her strong experience in both new construction and resale homes works to your advantage. She is constantly expanding her skills and knowledge in every aspect of the real estate industry. She combines this expertise with a passionate desire to serve your real estate needs, bringing you knowledgeable and personalized service. A mother of two and an active volunteer in the Portland community (Doernbecher Children’s Hospital and Habitat for Humanity), she knows what it is to be committed, ethical, and effective. This is why Gayla continues to enjoy so many referrals and repeat clients. Let the buying or selling of your home be a pleasant and profitable experience. Call Gayla McGowan today---she’s committed to your success!
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