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About Terry Company
Terry can help you with your home buying or selling needs. He has the support of the #1 Real Estate company in the world. Give Terry a call to discuss your particular Real Estate need and let him map out a plan that will bring your desired results.
Brenda: 352-427-8262
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Real Estate Glossary Terms
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Appraisal
An Appraisal is the evaluation of a real estate property made by a neutral third party expert known as an Appraiser. There are a number of reasons a home Appraisal is done: - To develop a realistic market price- To set the property market value at the time of death of its owner, w ...
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Locking The Loan
An option exercised by the borrower, at the time of the loan application or later, to 'lock in' the rates and points prevailing in the market at that time. When lenders 'lock/' they commit to lend at a specified interest rate and points, provided the loan is closed within a specified 'lock period ...
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Prepayment Penalty
A charge imposed by the lender if the borrower pays off the loan early. The charge is usually expressed as a percent of the loan balance at the time of prepayment or a specified number of months' interest. Some part of the balance, usually 20%, can be prepaid without penalty. Usually, the penalty ...
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Nontraditional Reinsurance
Types of reinsurance instruments under which the amount of risk transferred is more limited than under traditional risk reinsurance instruments. The limitations on risk transfer take the form of an aggregate dollar amount or loss ratio limits according to the reinsurance coverage in effect. Premiums ...
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Tort
In general, a civil wrong, other than breach of contract, for which a court will provide a remedy in the form of a suit for damages. Torts include negligent acts or omissions on the part of a defendant. Liability insurance is designed to cover an insured (defendant) for unintentional tort acts. ...
Real Estate Advice
Homebuyer Tips
So, you’re thinking of making the city of Clermont your new home. We get it; there are a lot of reasons why you might want to live here! With its beautiful weather, long list of attractions, gorgeous surroundings and exceptionally healthy job market, you’d be forgiven for thinking it’s about as close to being heaven on earth as we can get! But this ...
Homebuyer Tips
Buying A Home In High Point NC
Homeownership is a big step forward from living as a tenant and moving from one place to another. At some point, we all get tired of renting, and we decide it is time to become our own boss and find a stable place we can call home. Buying your first home is a great achievement, but the process does have its difficulties. A home purchase is strongly connected with the ...
Homebuyer Tips
Best Tips For First Time Home Buyers
Are you interested in entering the world of homeownership? If you are a first home buyer, options for what you can buy right now might be somewhat limited. In major cities, prices are still rising, and many people are anxious to get into the market quickly. However, it is better not to rush in, as there are a few things that you will need to do before making that ...
Homebuyer Tips
This Is What Homebuyers Are Looking For In 2021
The pandemic’s impact on the economy has affected plenty of real estate markets through the US. At the time, many home sellers might’ve reconsidered selling their homes for safety reasons, while home buyers decided to suspend home shopping for a while. But, with a new year comes new hope that the real estate market will rebound, and we will experience a ...
Agent Advice
Most Profitable Real Estate Niches For Agents
Given the opportunity, most real estate agents, and certainly all the hungriest ones, will work with you to buy or sell any property. A real estate agent who is best known for selling single-family homes is not likely to turn down a commercial listing, especially when they are just starting their real estate career. Real estate can feel like a big ocean ...
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