Lockoff

In the real estate business, a lockoff refers to a time-share unit that can be divided into two distinct dwelling units. Sometimes referred to as

List Price

List price is the price established by the manufacturer. Don’t be overly impressed with stores that price items below the list price. Doing so is

Latitude

In geography, latitude is a geographic coordinate that specifies the north–south position of a point on the Earth’s surface. Latitude is an angle which ranges

Inspection Report

An inspection report is written by a home inspector after a thorough evaluation of the home’s condition, including the electrical system, plumbing, roof, foundation and

Homestead Exemption

Homestead exemption laws prevent the sale of a home in order to pay off taxes or creditors. Nearly every state in the U.S. has homestead

Homeowners Insurance Policy

Homeowners’ insurance, also called home insurance, provides financial protection in the event that the homeowner’s house or its contents are damaged. It also provides protection

Historic Preservation

Historic preservation applies to the protection of structures, landmarks and natural areas that have been deemed “historically significant.”

Home Inspection

A home inspection is a visual assessment of a house’s physical structure and mechanical systems, including the roof, ceilings, walls, floors, windows and doors, including

Heir

The word “heir” describes a person who inherits property upon the death of another. It may be a spouse, child, descendant or other close relative.

Grant Deed

While the grant deed guarantees that the seller owns the property entirely, it doesn’t offer the buyer legal protection against any title defects such as

Homeowner Education