Real Estate Mailbox

Real Estate Mailbox Real Estate Mailbox In the process of buying and selling houses, we will hear or see some terms related to real estate. How much do you know about these terms and terms...

Real Estate Mailbox Real Estate Mailbox In the process of buying and selling houses, we will hear or see some terms related to real estate. How much do you know about these terms and terms? Please refer to the following questions and answers, which may be helpful to your real estate transaction. Q: What is a Quitclaim Deed? A: This is a deed of transfer of rights, which is used to transfer the property rights, interests, and ownership of the house by the transferor, but does not include any legally valid interests or ownership rights of the transferor. Q: What is a Purchase Agreement? A: This is a purchase contract signed by the buyer and seller of a house. This contract is usually drawn up by a real estate agent and signed by the buyer and seller. Q: What is a Mortgage? A: This is an instrument that uses real estate as a guarantee for loan repayment. Q: What is SPDS? A: SPDS is the abbreviation of Seller's Property Disclosure Statement. In Arizona's standardized house purchase contract, it is pre-recorded that this document must be provided by the seller within 5 days after the house purchase contract is established. It records data such as: correct address, current owner, HOA name, fees, condition of the house, known problems, etc. If you have any questions about real estate, you are very welcome to call my hotline (480) 612-4545 or email to Rich@RichLiao.com