Real Estate Game Word Scramble
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Question | Answer |
One of two 100% financing programs | USDA Rural Housing |
Many buyers think they can't use a Realtor when purchasing a _______ | New Build |
Pre-foreclosure sale | Short Sale |
A mortgage that can be transferred to another borrower | Assumable Mortgage |
A market with high inventory and low interest rates | Buyers Market |
An estimate of the value of a property based on an analysis of sales of properties with similar characteristics | Competitive Market Analysis |
Designation recognized by NAR for extensive knowledge in working with distressed properties | Short Sale and Foreclosure Resource |
Creating a win-win situation for all parties | Negotiation |
The relationship of trust that exists between sellers and buyers and their agents. | Agency |
A gov't backed rehab loan allowing a buyer to finance repairs at the time of purchase | 203K |
Newlyweds, growing families, downsizing | Perfect Referrals |
A gov't backed loan program with only 3.5% down | FHA Loan |
Programs available for buyers to help with upfront costs | Downpayment Assistance |
A home that has been through the foreclosure process | REO or Bank Owned |
People moving into or out of the area | Relocation |
Preparing the home for sale | Staging |
A determination of the value of a property after existing liens are deducted | Equity |
The price that a piece of property sells for at a particular point in time | Market Value |
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