Online real estate listings Properties
listed for sale on the Internet.
Open house A marketing tool in
which a listing agent opens a house for
view.
Open listing A property given
to a number of brokers to market at the same
time.
Open space Undeveloped land or
common areas in a planned community reserved
for parks, walking paths or other natural
uses.
Option A situation in which a
buyer puts down money for the right to
purchase a piece of real estate within a set
time period but does not have an obligation
to buy.
Oral agreement Contractual
arrangements that are not in writing and are
usually not legally binding.
Original principal balance The
amount of principal owed on a loan before a
borrower makes any payments.
Origination fee A fee charged
by most lenders--also called points--for
processing a loan. A point is 1 percent of
the total loan amount.
Overhang A protruding
structural feature.
Owner financing A transaction
in which the seller of a property agrees to
finance all or part of the purchase.
Could not find what your looking for or a term not seen here? Simply call or e-mail us and we will get the answer for you and post your request on this page with your name
(compliments of,)
Add Site to Favorites
