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Real Estate Agents Terms to Know

A real estate agent is a person who sells property. Some agencies specialize in commercial properties while others focus on residential ones, and some provide services for both. If you are interested in buying or selling a house, a real estate agent will guide you through the process and find a property. Below are some common terms that are often used when working with a realty agencies.

  • Foreclosure – A property for sale because the previous owner was unable to make the payments and so has revered to the bank or mortgage broker. Therefore, the property is bank owned. Foreclosed properties in this recession based market can often be bought for great deals, since brokers will often sell them just for the amount of money that is owed. However, buyers should always inspect the property first, as the homes come with no guarantee of condition.
  • Short Sell – Another sign of the recession's effect on real estate is the many properties that are listed for short sale. This term refers to a sale by a broker or dealer that will come up short from the original price so that the property is being sold at a loss.
  • Mortgage – A loan provided to a home buyer where the property or estate being bought is listed as collateral. The buyer must repay the entire loan before they own the property. Failure to pay the loan back, or missing a payment on the mortgage can result in the property being reverted to the bank. Carefully read any mortgage agreement and discuss options with the realty agent and lender.
  • Appraisal - The valuation of a real property. The value shifts depending on many different factors like location, condition and corporate stock.
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    National Assoc of Real Est Brokers Inc
    Real estate buyers and brokers help you with real estate mortgage refinancing, mortgage appraisals, and estate planning. Find these services through our nationwide directory of brokers.
    Realtor.org
    Chicago, IL 60611
    Let our professional real estate agents and agencies assist you in buying or selling West Hills property. Our real estate agents and agencies are familiar with commercial and residential real estate sales.
    National Association of Realtors
    Washington, DC 20001
    If you're looking for real estate listings or a broker in your area, find one through our association of professional realtors. We make sure you have the best representation when buying or selling a property.
     
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    Ram Tak Service
    20943 Roscoe Blvd, Canoga Park, CA 91304
    Ram Tak Service is a specialty tax preparation company and realty agency that can take care of you in both arenas.They are based in LA County in Winnetka.
    (818) 571-7769
    Mary & Teresa Breman
    Woodland Hills, CA 91367
    Expert West Hills Real Estate Agents & Agencies. Dependable Real Estate Agents & Agencies throughout the West Hills area
    (818) 887-2661
    Supreme Real Estate & Property Management
    5850 Canoga Avenue, Suite 400 M, Woodland Hills, CA 91367
    Turn to us as your premiere full service commercial and residential property management company. We are happy to manage condominiums, HOA and multi family units as well as residential homes.
    (818) 857-5139
    Warner Plaza Management - Office Space For Lease
    21054 Sherman Way, Canoga Park, CA 91303
    Office Space for Lease serving Canoga Park, Woodland Hills, West Hills, Encino, Granada Hills, and Reseda. High visibility corner lot on a 6-lane high-traffic street with easy access to the 101.
    (1) Review Write a review
    (800) 288-1744
     
    User Review: "Good management services, they provides free parking and good location." - Arash (CA)
    Amli Warner Center
    21200 Kittridge St, Woodland Hills, CA 91303
    We are your luxury apartment service specialist. We are focused on the development, acquisition and management of luxury apartment communities across the United States.
    (818) 615-0300
    Preferred Settlement Service Escrow
    5850 Canoga Ave Fl 4, Woodland Hills, CA 91367
    Contact Preferred Settlement Service Escrow in Woodland Hills, CA, at (855) 509-2833 for professional real estate services, including a reliable escrow service.
    (855) 509-2833
    Rodeo Realty Inc
    23528 Calabasas Rd, Calabasas, CA 91302
    Professional Real Estate Agents & Agencies serving West Hills. Reliable Real Estate Agents & Agencies for West Hills
    (818) 222-7707
    Coast Management
    30343 Canwood St Ste 203, Agoura Hills, CA 91301
    Property management, consulting, and expert witness services. We are happy to lend our expertise in property management with homeowner associations, apartments, and commercial buildings.
    (818) 991-1500
    Agoura Horse Property
    29105 Canwood Street Suite B-2b, Agoura Hills, CA 91301
    Agoura Horse Property is here to satisfy the demand for homes in rural settings. If you like the sights and sounds of nature, starry nights rather than street lamps, and animal friendly environments.
    (818) 426-2292
    D & M Home Inspections
    23434 Vanowen St, West Hills, CA 91307
    (818) 888-8504
    T M C Properties Inc
    30 Hackamore Ln, West Hills, CA 91307
    (818) 883-5060
    Circus Realty
    22509 Covello St, West Hills, CA 91307
    (818) 887-1800
    Remax Lifestyles
    6740 Fallbrook Ave, West Hills, CA 91307
    (818) 999-2700
    Century 21
    7511 Fallbrook Ave, West Hills, CA 91307
    (818) 340-5000
    G & G Realty Escrow Division
    7517 Fallbrook Ave, West Hills, CA 91307
    (818) 226-9140


    Real estate agents help individuals and business find property that will fit their needs and budgets. Some agencies focus on commercial real estate listings. Others, however, have listings that include houses, farms, condos, and apartments. Before you choose to purchase property through a real estate agency, you should make sure that they can provide the services that you need. In general it is best to choose a broker who has several years of experience. Remember that you not only need someone who knows about property values and negotiating with owners, but also how to get a low-interest mortgage and locate low-priced foreclosure properties. The amount of experience that a Realtor has does not always indicate, however, that they have the listings that you need. Ask them whether they have property listings that include houses, foreclosure properties, flats, farms, and condos for sale. If you are interested in getting a lease for the property, then you will also need to make sure that the real estate agency can give you property listings that include rentals. Chances are that there are multiple agencies serving your area, so you have many options to choose from. You can often find agency and agent reviews by searching the internet for city specific keywords. This will lead you to consumer forums where homeowners share stories about their experiences buying and selling through the different companies. Using consumer forums can also help you manage your mortgage lending options to make sure that you choose an agency that will give you access to loans that match your budget restrictions and investment plans.
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