Seller’s Market – A seller’s market occurs when demand exceeds supply. Whenever there is less than four months inventory of properties for sale it is considered to be a sellers’ market Shared Equity – A form of financing where the owner of a property receives cash upfront in return for sharing some stated percentage of the gain or loss of the property upon a future sale Staging – A service where rented furniture, art and sometimes painting is employed to beautify a property and, in theory, enable it to sell faster
“The 3 Ds” – Depersonalize, Declutter, Discard
“Use and occupancy” Agreement – A contract which allows one party (not the owner) to use and occupy a property during a period immediately prior to or after a closing. USP: Unique Selling Proposition – A singular feature which distinguishes a property from its competitors Valuation – A number used in talking about what a property might be worth – this could be from a CMA, an Appraisal, a Tax Assessment, or a computerized valuation model such as Zillow’s “Zestimate.”
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