Login | Sign Up















Myers & Myers Real Estate

(505) 401-7500
myersandmyersrealestate@gmail.com
  • Menu
  • Sellers
    • FAQs Home Sellers
  • Buyers
    • FAQs Home Buyers
    • Advanced Property Search
    • Albuquerque First Time Home Buyers $500 DP
    • Join Deal Alert
    • Interactive Map Search
  • Albuquerque
    • New Listings In Albuquerque
    • Albuquerque Foreclosures
    • Albuquerque Open Houses
    • Ventana Ranch Homes For Sale
  • Rio Rancho
    • New Listings In Rio Rancho NM
    • Rio Rancho Foreclosures
    • Rio Rancho Open Houses
    • Cabezon Homes For Sale
    • Loma Colorado Homes for Sale
  • Corrales
    • Corrales Open Houses
  • Valencia County
    • Los Lunas NM Real Estate
    • Bosque Farms NM Real Estate
    • Homes For Sale in Jubilee
    • Homes For Sale In Belen NM
  • East Mountains
    • Tijeras NM Homes For Sale
    • Sandia Park NM Homes For Sale
    • Paa-ko Ridge Golf Club Homes
    • Edgewood NM Homes For Sale
  • Home Search
  • Contact

Home » Albuquerque NM Key Real Estate Terms H

Albuquerque NM Key Real Estate Terms H

Albuquerque NM Real Estate Key Terms

Habendum Clause is the part of the deed beginning with the words to have and to hold, following the granting clause and defining the extent of ownership the grantor is conveying

Heir is a person who inherits under a will or a person who succeeds to an interest under the state laws of descent if the decedent dies without a will

Highest and Best Use is term meaning that use of a property which is most likely to produce the greatest net return to the property over a given period of time

Hip Roof is a pitched roof with sloping sides and ends

Hold Harmless Clause is a contract provision whereby one party agrees to indemnify and protect the other party from an injuries or lawsuits arising out of the particular transaction

Holdover Tenant is a person who stays on the leased premises after their lease has expired.  The landlord normally has the choice of evicting the tenant or agreeing to allow them to remain as a tenant and pay rent

Home Equity Line of Credit (HELOC) is a loan under which a home owner uses their residence as collateral and can then draw funds up to a prearrange amount against the property

Home Inspection is an inspection performed by a professional to determine the condition of a property

Home Owner’s Insurance is standardized insurance package that covers residential real estate owner against a financial loss from fire, theft, public liability and other common risks

Homestead is a piece of property that is owned and occupied as the family’s primary residence

Hostile Possession is possession of real property by one person that is adverse and in opposition to the possession of the title owner.

HUD is a federal a department of the federal government known as the U.S. Department of Housing and Urban Development.  HUD has many programs including, public housing, model cities, urban renewal, rehabilitation loans, and FHA subsidy programs

HUD 1 Form is a form used at closings detailing closing costs for the buyer and seller that is used for all loans that are federally related, (FHA, VA, FDIC insured funds) and for any loans that will be sold to Freddie Mac or Fannie Mae

HVAC is an acronym that stands for Heating Ventilating Air Conditioning systems in a building.

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.

Facebooktwitterredditpinterestlinkedintumblrmail
Facebooklinkedinyoutubemail

Posted in: Albuquerque, Rio Rancho, Real Estate Key Terms

Sign up for New Home Alerts Now!

RegisterLogin















Post navigation

« Albuquerque NM Key Real Estate Terms F
Albuquerque NM Key Real Estate Terms D »

Myers & Myers Real Estate, Inc.

John Myers
Qualifying Broker
License #19085

(505) 401-7500
(505) 401-7500
myersandmyersrealestate@gmail.com
Follow

Facebooklinkedinyoutubemail

Albuquerque Real Estate Agents

  • John Myers QB
Share

Facebooktwitterredditpinterestlinkedintumblrmail

Albuquerque Real Estate

  • Albuquerque Real Estate Blog
  • Sitemap
  • Privacy Policy
© 2021 · Myers & Myers Real Estate, Inc. · 505-401-7500 · Sitemap · IDX Sitemap · IDX XML Sitemap · Albuquerque NM Homes for Sale
Disclaimer - All Rights Reserved by Myers & Myers Real Estate, Inc.
NM Real Estate Commission Rules

Licensed in New Mexico | Albuquerque NM Homes & Real Estate