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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Tips
First Time Buyers >The Perfect Home

When we help prospective buyers locate a new home we listen carefully to their goals. What are their criteria for selecting a neighborhood, what style of house do they prefer, what price range and floor plan meet their needs? Will any special considerations go into making the homebuying decision? When we have a good picture of what the buyer wants, we will go to work to find the best property on the market that will accommodate those needs.

Our real estate agents succeed when they can make the buyers' goals their goals. Finding the perfect home is a collaborative effort. The buyers communicate what they want, why they want it, and where compromise might be possible, and the agent listens carefully and selects the homes that come as close as possible to meeting the needs expressed. When there is trust and communication between the buyers and the real estate agent, miracles can happen! Creating these miracles for buyers and sellers is "Job #1" for us.

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Real Estate Trivia
Q 
Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?

A 
The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919.
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The Dream Team, REALTOR®, real estate agent and broker for Avon, Canton and Simsbury,  home listings, property and land for sale - NUMBER1EXPERT

Charlie & Barbara Kaylor
RE/MAX Communities

The Dream Team
750 Hopmeadow Street
Simsbury, CT 06070
Direct Telephone: (860) 392-9280
Office Telephone: (860) 651-6100
Direct Fax: (888) 392-9281
Email: TheDreamTeam@NUMBER1EXPERT.com

Charlie and Barbara Kaylor, The Dream Team, have over 30 years combined residential real estate experience. Charlie, Broker-Owner of RE/MAX Communities has been awarded the RE/MAX International Platinum Club status for outstanding sales volume for four consecutive years and is among the elite RE/MAX Hall of Fame recipients. Barbara's innovative marketing and promotional material has been recognized as the best in the area. The Dream Team is an enthusiastic, knowledgeable and dedicated team of professionals with a genuine love for The Farmington Valley. They have two elementary school aged children and are deeply involved in their community.  Partners in business and in life, The Dream Team is the best choice to help you with all of your real estate needs.  Please visit  www.CTDreamTeam.com to learn more about The Dream Team and the beautiful Farmington Valley area. Don't miss the 40 testimonials from their clients! 

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