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What does the term private water well mean in a real estate contract?
Wiki User
∙ 11y ago
it means that somebody is having a little privacy next to a well filled water
Wiki User
∙ 11y ago
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What does contract pending mean realestate?
In real estate, "contract pending" means that an offer to purchase has been made and tentatively accepted. The contract is in the process of being finalized and signed by both parties.
What does an active release clause mean when buying real estate?
An active release clause is a part of the contract between the Buyer and Seller allowing for the termination of the contract based on the specific terms detailed as part of the contract.
Must a parent with lifetime rights sign sale contract?
You mean a contract to sell a property in which the parent has a life estate? No. If the children want to sell their future interest in the property, it is separate from the rights of the parent with a life estate. Similarly, the children do not need to be asked if the the parent wants to sell (or mortgage) his or her life estate to someone else. On the other hand, if the buyers want clear title, with no life estate, then you have a different problem: terminating the life estate, by merging it with the future estate, and what's in it for you?
What does the real estate standard contract default rate mean?
The real estate default rate is the rate of borrowers that fail to remain current on their loans. When a homeowner is in default, their house may be in danger of being foreclosed on.
What does no escape mean in a real estate deal?
"No escape" is related to the contract. An escape clause is clause, condition or other provision in a contract that allows you to back out of the transaction if you find something about the property, the financing or some other factor that makes the deal undesirable. You may have to pay a fee or lose your deposit.No escape means that you cannot back out of the transaction once you have signed the contract. You need to be absolutely certain that you will go through with the real estate purchase no matter what if you enter into a contract with a no escape clause.
What does date of acceptance mean on a real estate contract?
The date when the signed contract has been delivered to the agent or the seller/buyer. This may now include e-mail as well as faxed copies. This date usually starts the clock on deadlines in the contract, which are often expressed as "within 14 days of acceptance...." etc.
What does under contract mean in real estate?
In real estate, the phrase "Under Contract" means that a buyer and a seller are in the process of completing the sale. Usually the buyer has put down some portion of the purchase price (varies by state, property type, seller comfort, etc.) into an escrow account as "good faith" that they will be able to get financing and close the deal. Generally, the seller cannot accept any new offers while the property is under contract.
What does intestate estate mean?
That there was no will.
What do you mean by contract?
contract is a aggrement between two party.
What does contract mean in muscle?
contract in science means to get smaller.
What does Preston mean in the bible?
It mean Priest Estate.
What does the word contract means?
Contract can mean to shrink, or it can be a business deal.
