Related terms for real estate transactions that you must know

Related terms for real estate transactions that you must know In the process of buying and selling houses, we will hear or see some terms related to real estate. What do you think about these terms,...

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 words and terms? Please refer to the following questions and answers, which may be helpful to your real estate transaction.

问: 什么是Quitclaim Deed (转让契约)? 答: 这是一种权利转让的契​​约，用于让与人对房屋产权、利益、所有权的转让，但不包括任何让与者依法有效的利益或所有权。

问: 什么是Purchase Agreement (房屋购买协议)? 答: 此为房屋买卖双方签定的购买合同。此合同通常由房地产经纪人拟订，由买卖双方签署。

问: 什么是Mortgage(抵押贷款)? 答: 这是一种以房地产作为贷款偿还保证的工具。

Question: What is SPDS? Answer: 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 information such as: correct address, current owner, HOA name, fees, house condition, 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