Cost Of Living

Definition of "Cost of living"

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

Search Real Estate Glossary

Related Real Estate Glossary terms

Mandatory Securities Valuation Reserve (msvr)

Liability reserve required to be maintained by the national association of insurance commissioners ( ...

Group Life Insurance

Basic employee benefit under which an employer buys a master policy and issues certificates to emplo ...

Real Estate Commission

Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% o ...

Letter Of Intent

Document between two or more parties indicating a need to take or not take a previous action taking ...

Royalty

Monies paid to use property, such as the use of natural resource extractions. The royalty payment i ...

Origination Fee

Same as term loan origination fee: The lender's charge to the borrower for administrative work when ...

Related Real Estate FAQ

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How to Defray the Hidden Costs of Home Ownership How To Choose A Realtor When to buy a house What is Hazard Insurance? Tax Breaks for the First Time Home Buyer

FAQ

What is a housing ratio? What is a loan origination fee? What is a loan-to-value (LTD) ratio? How much money can I borrow to buy a home? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase?