Conditional Offer

Definition of "Conditional offer"

Offer to buy real estate provided certain conditions are met.

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Related Real Estate Glossary terms

Abandonment And Salvage

Legal status giving an insurance company all rights to an insured's property. The abandonment clause ...

Excess Policy

Policy that pays benefits only when coverage under other applicable insurance policies has become ex ...

Loss

Damage through an insured's negligent acts and/or omissions resulting in bodily injury and/or proper ...

Policy Summary

Policy report issued to the policyowner that must include at least the following: first five years o ...

Balance

The amount of the original loan remaining to be paid. It is equal to the loan amount less the sum of ...

Sole Proprietorship

Real estate business owned by one person having all the rights and obligations. ...

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Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

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The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

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What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

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What is Freddie Mac? Why do people refinance? Do I need Life Insurance? What is a debt-to-income ratio? What is a mortgage broker?