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A contract under which the broker is
commissioned to find a buyer before the property is sold by the seller or
another competing broker
Option
The agreement to keep an offer to purchase or
lease open for a specific period of time
Option listing
An agreement by which the broker advertising the
property has the right to purchase the listed property himself
Origination fee
A fee paid to the lender for processing a loan
application
Owner financing
A property transaction for which the seller
provides all or part of the financing to the buyer
Owner's Title Insurance
A policy insuring the full purchase price of a
piece of property for the buyer, usually including adjustments for inflation
each year up to a maximum of 150% of the original policy amount, the premium
for which is payable at the time of closing
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Karen Brown & The Nilsen Team Long & Foster®, REALTORS® 1831 Wiehle Avenue Reston, Virginia 20190 Direct: 703-375-8427 Cell: 703-201-4907 Fax: 703-478-2930 Toll Free: 1-800-316-7355 Karen's Email: karen@nilsenteam.com
As some of America's NUMBER1EXPERT™ in the Dulles Corridor areas, Karen Brown and The Nilsen Team are well-equipped to handle all of your real estate needs. Call or e-mail them today and let them show you their five-star service, because "attitude is everything".
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