Real Estate Terminology

Procuring Cause

by kevinjones February 19, 2020 Real Estate Terminology

Procuring Cause – Realty Professionals - 805-473-0300
We had an interesting event came up last week regarding something that is called procurring cause. This has to do with who has the right to the commission. Explained is why you as a buyer should work with one buyer agent. For Realtors her is the CAR information and …

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IRS Tax Deferred Exchange 1031

by kevinjones September 12, 2014 Income and Investment Properties

IRS Tax Deferred Exchange 1031, by Kevin Jones at Realty Professionals 805-473-0300. Are you considering selling but are afraid of the Tax Liability and or consequences? There may be alternatives that can help you defer that liability, under the IRS tax code, 1031 there are some really amazing programs that just might work for you. …

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Saltillo Tiles or Pavers

by kevinjones April 14, 2014 Real Estate Terminology

Saltillo Tiles or Pavers Realty Professionals 805-473-0300. What is a Saltillo Tile? It is known as several different names, some of which include, Saltillo Tile, Mexican Paver, Terra Cotta Tile or Paver. Why are they called Saltillo Tile? The clay that they use for these tiles or pavers is the clay that is native to …

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Spanish Style Homes

by kevinjones April 10, 2013 Real Estate Terminology

Spanish Style Homes. Realty Professionals 805-474-7040. Spanish style homes are typically stylish with arches and stucco exterior and tile roofs. Some Spanish style homes have flat roofs, usually topped with tile. Many of the Spanish style homes are very compartmentalized with purpose for each room. A great example is the Santa Barbara Court House.

Realty …

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Palatial Estate

by kevinjones February 10, 2013 Real Estate Terminology

Palatial Estate Realty Professionals 805-474-7040. What is a Palatial Estate? I had a client ask me to describe a Palatial Estate … so what type of style is it? Palatial comes from the word Palace, meaning a large, splendid house or the home of a dignitary. Estate meaning an amount of land or property …

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Contingency

by kevinjones April 11, 2012 Latest News

What is a Contingency? How does it work? Why is it so important? A contingency is a “Condition” built within a contract such as a Real Estate Purchase Agreement that must be met before a contract is legal and binding. This is very important to have an experienced agent that knows how long you will …

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Appraisal

by kevinjones April 10, 2012 Real Estate Terminology

What is an Appraisal? It is usually defined as a written justification of Fair Market Value, in Real Estate it would be the analysis of other properties that are for sale, in escrow and have sold recently within a specified area. An appraisal is only an opinion based upon a neutral third party and their knowledge, experience …

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What is “Fair Market Value”

by kevinjones April 2, 2012 Real Estate Terminology

What is “Fair Market Value” anyways? The easiest and best way to describe this to a Buyer and a Seller would be this … fair market value would be the highest price that a buyer would be willing pay in the given time for that particular product and the lowest that the seller would …

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What is a “Realtor”

by kevinjones March 22, 2012 Real Estate Terminology

What is a Realtor … to use the designation of “Realtor” you must belong to or join a Local Board of Realtors and also pay your membership dues to the National Association of Realtors (NAR). Most agents or brokers that do this in the State of California also join or a member of California Association …

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