Key Real Estate Terms B | Myers & Myers Real Estate

Published On: July 1, 2011|

Definitions Of Key Real Estate Terms B

This article provides the definitions of key estate terms beginning with the letter B.

Backup Offer

is an offer to buy submitted to a seller with the understanding that the seller has already accepted a prior offer.

Balloon Payment

is a final payment of a mortgage loan that is considerably larger than the require periodic payments because the loan amount was not fully amortized

Bankruptcy

is a conditions of financial insolvency in which a person’s liabilities exceed asses and the person in unable to pay current debts.

Blanket Mortgage

is a mortgage secured by several properties or a number of lots. A blanket mortgage is often used to secure construction financing for proposed subdivisions.

Breach of Contract

is a violation of any of the terms or conditions of a contract without legal excuse.

Broker

is one who acts as an intermediary between parties to a transaction.

Broker’s Price Opinion

is an opinion of real estate value commissioned by a bank or attorney and provided by a broker

Buyer’s Agent

a residential real estate broker or salesperson that represents the prospective purchaser in a transaction.

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Customer service is cornerstone to our business, and we’re available to answer your questions. We have top-notch, experienced, and knowledgeable Realtors®.

Check out Albuquerque homes for sale. Rio Rancho homes for sale.Corrales homes for sale. East Mountains homes for sale. Valencia County homes for sale. Los Lunas homes for sale.. Call us if you are looking to purchase a new house or to see how we position your home to sell at the best possible price.

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Definitions Of Key Real Estate Key Terms B

John Myers Broker / Owner

John Myers is the Owner and Qualifying Broker of Myers & Myers Real Estate and has been licensed in New Mexico since 2010. A lifelong New Mexican who has lived in Albuquerque since 1981, John brings deep local knowledge and long-term market perspective to every transaction. He serves clients throughout Albuquerque, Rio Rancho, Corrales, Los Lunas, Placitas, Edgewood, Los Ranchos de Albuquerque, Tijeras, Sandia Park, Cedar Crest, Belen, and Bosque Farms. John specializes in working with home buyers, sellers, and real estate investors, with extensive experience in new construction and luxury homes. He holds multiple industry certifications, including Accredited Buyer’s Representative (ABR), Seller Representative Specialist (SRS), Pricing Strategy Advisor (PSA), Luxury Home Certification (LHC), Short Sale Foreclosure Resource (SFR), Certified Distressed Property Expert (CDPE), Certified Investor Agent Specialist (CIAS), and Certified Real Estate Investing (CRI). John also holds a Bachelor of Science in Electrical Engineering and a Master’s degree in Finance, combining technical analysis, financial expertise, and real-world experience to guide clients through complex real estate decisions with clarity and confidence.

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