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About Leisa Ormsbee

Realty Texas

Leisa Ormsbee

Leisa Ormsbee

1-512-590-1833

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2000 South IH 35 Ste E-1 , Round Rock - TX 78681

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Real Estate Glossary Terms

  • Exclusionary Zoning

    Property zoning having the net effect, intended or not, of excluding the poor and minority groups from living in a particular area. Building lot size is the most frequently used exclusionary zonong method. Large property size requirements increase the cost of housing, and can serve to discriminate a ...

  • Functional Depreciation

    A reduction in structural value from all reasons except physical failure. For example, a commercial building having an outdated elevator or electrical wiring system is experiencing functional depreciation. ...

  • Truth In Lending (TIL)

    The federal law that specifies the information that must be provided to borrowers on different types of loans. Also, the form used to disclose this information. Truth in Lending (TIL) is a great idea, in principle. The idea is to require lenders to provide one uniform set of price disclosures th ...

  • Drug Formularies

    Recommendation of medications that should be prescribed for certain ailments. They can be classified as follows: open or voluntary recommends a list of drugs to physicians that is supposed to be the most cost-effective for a certain ailment; closed dictates which drugs will be covered by a benefit p ...

  • Guarantor

    Term in surety coverage. Through the issue of a surety bond, a surety company is in effect the guarantor. ...

Real Estate Advice


 

Home Seller Tips

How To Improve The Privacy Of Your Home

How To Improve The Privacy Of Your Home

If you live in a residential neighborhood, there’s a good chance that you’ve had to deal with neighbors who don’t respect your privacy. Whether they’re peering through a pair of binoculars surveilling your Sunday afternoon barbeque or dropping by unannounced to “see how you’re doing”, these unpleasant individuals are the bane of ...

Homebuyer Tips

In The Miscellaneous Labyrinth Of Real Estate Finance

In The Miscellaneous Labyrinth Of Real Estate Finance

To those of us who’ve gone through the process of moving, it’s no secret that moving can be a hassle and a half, between the stress and substantial financial investments.  We usually decide to relocate for various reasons, such as a brand new workplace, the prospect of a brighter future, climate changes, or even the global pandemic. COVID-19 made ...

Homebuyer Tips

Eco-friendly Vs. Harmful Building Materials

Eco-friendly Vs. Harmful Building Materials

More than ever, the past dictates our future. The twenty-first century must face the dramatic repercussions of our past heritage concerning environmental issues. We foolishly exposed our planet to threats and insecurity. In practice, we do lots of harm to our immediate environment, and we should pay more attention to do’s and don’ts in nature. Humankind has ...

Homebuyer Tips

Home Automation That Can Be Implemented

Home Automation That Can Be Implemented

Phrases like “Alexa, turn on the AC!”, “Alexa, dim lights!”, “Alexa, open the front door!” or “Alexa, cook mac&cheese!” are becoming a regular in US households. Well, maybe not the last but it won’t be long till that becomes a reality as well. Having the ability to tell your home what to do has been a fantasy ...

Agent Advice

Digital Trends That Revolutionized The Real Estate Industry

Digital Trends That Revolutionized The Real Estate Industry

Of all the inventions that changed the real estate game, none have changed it as profoundly and irreversibly as the internet. This technology opened up a world of new possibilities and opportunities for real estate professionals working at every level in the field of real estate. From the lowliest copy room workers to the moguls and brokers at the very top of the ...

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ABR, Accredited Buyer Representative
Fair Housing and Equal Opportunity (FHEO)
REALTOR®
SFR - Short Sales and Foreclosures
SRES®, Senior Real Estate Specialist
SRS - Seller Representative Specialist
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