Albuquerque NM Real Estate Key Terms
Backup Offer an offer to buy submitted to a seller with the understanding that the seller has already accepted a prior offer.
Balloon Payment 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 a conditions of financial insolvency in which a person’s liabilities exceed asses and the person in unable to pay current debts.
Blanket Mortgage a mortgage secured by several properties or a number o lots. A blanket mortgage is often used to secure construction financing for proposed subdivisions.
Breach of Contract violation of any f the terms or conditions of a contract without legal excuse.
Broker one who acts as an intermediary between parties to a transaction.
Brokers Price Opinion 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.
Myers & Myers Real Estate is a full service real estate brokerage located in Albuquerque New Mexico. We help home buyers and home sellers in the Albuquerque metro achieve their real estate goals. Our website has every home for sale in the Southwest Multiple Listing Service. Check out homes for sale in Albuquerque, homes for sale in Rio Rancho, homes for sale in Corrales, homes for sale in East Mountains, homes for sale in Valencia County, and homes for sale in Los Lunas.