Cost Of Living

Real Estate Mortgage Insurance
 
 

Definition of "Cost of living"

Dave Jackley . . . exactly! real estate agent
Dave Jackley . . . exactly! , Real Estate Agent Berkshire Hathaway HomeServices The Preferred Realty

Cost to buy goods and services encompassed in an accepted standard level of consumption.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Real Estate Terms

Gross Rent Multiplier (GRM)

The percentage of the selling price of property to its gross rental income. It is used to value an income-producing property. For example, if the selling price of property was $400,000 and ...

Notice Of Default

Letter sent an individual informing him or her they are in default on an agreement. Normally, a notice of default will give the defaulting party the terms necessary to remedy a default and ...

Lineal

Direct line of descent as from father to son. An example of a lineal hereditament would be passing of the title of real property by virtue of a will to the first-born son. ...

Market Study

Study of real estate activities including demand, price, location influence, and current trends. ...

1034 Rollover Exchange (sale Or Exchange Of The Residence)

Tax-free exchange that allows a seller two years after escrow closes on his former principal personal residence to buy like-kind property and defer taxes. Profits from the sale of a ...

Distribution Title

Probate court approved title issued to the distribute of an individuals intestate estate. ...

Hazard

Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...

Anti-deficiency Legislation

Statutory authority to meet a budgetary shortfall through increasing revenue by enacting a temporary surcharge or permanent tax increase. ...

Popular Real Estate Questions

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan. ...

Can Homeowners Associations Impose Pet Restrictions?

Not only can homeowners associations impose pet restrictions but almost 100% of them do. Here’s the thing: the job of a homeowners associations or HOA is to look at the big ...

What Is SWOT Analysis?

Developed by a successful management consultant in the ‘60s named Albert S. Humphery, the SWOT analysis is still in use today at management level. It starts with a goal in mind, a ...

What States Allow Tiny Houses?

“What states allow tiny houses?” – that’s a very simple question that yields a very complicated answer.And that’s because: Building codes vary not only from ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

Does A Finished Basement Add To Taxes?

Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

Find a Real Estate Agent

RealEstateAgent.com reviews
Read why Real Estate Agent rates 5 Stars in over 20 Agents Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

The Ultimate Home Theater Room Buying a Home in Scottsdale vs Building Your Own Home Client Gifts: Creative Closing Gifts for Home Buyers How to Take Advantage of the REA Directory Listing How to Rebuild Your Life After a Foreclosure?

FAQ

Do Real Estate Agents get Paid Hourly? What is a Buildable acre? What happens if I miss a mortgage payment? What is an assumable mortgage? What is a rate lock?