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About Leisa Ormsbee
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2000 South IH 35 Ste E-1 , Round Rock - TX 78681
Real Estate Glossary Terms
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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 ...
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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 For example, a commercial building having an outdated elevator or electrical wiring system is experiencing functional depreciation. ...
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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 ...
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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 ...
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Guarantor
Term in surety coverage. Through the issue of a surety bond, a surety company is in effect the guarantor. ...
Real Estate Advice
Homebuyer Tips
Buying a home has always been one of the most important financial decisions we had to make as we worked our way up on the social ladder. It is a decision that is not taken lightly and for some people, it can be stressful, but exciting as well. The unique feeling you get when you reach the doorstep of your own home is unmatched and you get a genuine sense of ...
Homebuyer Tips
There are a lot of cities on Florida’s Gulf Coast. In the panhandle, the city of Pensacola is known for its historic air base, as well as being a surprisingly affordable place to live. Further down the coast, the city of Tampa has gained a reputation as one of Florida’s most attractive young metropolitan cities, experiencing rapid population growth in recent ...
Agent Advice
Tips For Realtors: Getting More Clients
As a realtor, there are a lot of different areas of your job that you need to focus on to put food on the table. You need to know how to gauge a buyer’s interest, in order to ascertain how interested they are in your listing. You need to establish trust between you and your clients, so they know you’re worthy of their business. It’s also important to ...
Agent Advice
The Trust Shared Between A Real Estate Agent And Their Client
Buying or selling real estate is something most of us experience at some point in our lives. The process can be long and difficult sometimes but in the end a successful transaction is profoundly rewarding. Closing a transaction on a home for a first time home buyer will put a big smile on their face, knowing that they have achieved their dream of homeownership. Selling ...
Homebuyer Tips
Millennials: Good Or Bad For The Real Estate Market?
Over the years, the landscape of the housing market has changed dramatically. As the older generation grows even older, a new group is coming into their own as the face of the housing market: millennials. These home buyers are faced with a new set of daunting challenges when it comes to buying a home, and realtors face an entirely different set of challenges when ...
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