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Your Outer Banks property is an investment. Discover why so many investors seek my services. To discuss your needs, call 877-207-1617.

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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

V

VA guarantee

An insurance contract for which the Veterans Administration (VA) guarantees the lender's recovery of a designated percentage of the loan amount from the insurer in the event that the borrower defaults on the loan

VA loan, or Government mortgage

A mortgage loan available to qualified military veterans which is guaranteed by the Department of Veteran Affairs, usually offering either no down payment or a low down payment

Valuation

The estimated of value of a property

Variable rate mortgage, or Adjusted rate mortgage

A mortgage with interest rates that may fluctuate based on market conditions

Verification of Deposit

A statement signed by the borrower's financial institution that verifies the current balances in the borrower's accounts

Verification of Employment

A statement signed by the borrower's employer that verifies the borrower's current position and salary

Vest

To pass an immediate right on to a person

Vested

Having the right to withdraw a percentage of a fund before its agreed-upon maturity date; e.g., the percentage vested to individuals with retirement funds differs; if someone is 80% vested, that means they can only withdraw 80% of the funds set aside for them until its maturity

Department of Veterans Affairs (VA)

A federal agency that insures residential mortgages made to eligible military veterans, which thereby encourages loans being made to veterans

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Did I Miss the Word YOU Are Looking For? 

Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. 

Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. 

Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly... 

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Holleay Parcker, REALTOR®, real estate agent and broker for Corolla, Outer Banks and Duck, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Holleay Parcker Broker/Owner
SPINNAKER REALTY, LLC

6475 N. Croatan Hwy Ste 203 (MP 4)
Kitty Hawk, NC 27949
Toll-free Direct: 877.207.1617
Local Mobile: 252.207.1617
Fax: 252.255.1115
Email Holleay now: holleay@OuterBanksRealEstateTips.com

My desire is that you become thoroughly educated about the Outer Banks real estate market before making your purchase or selling decision. This is a process, and it is crucial to your success as an investor. I will take all the time necessary to answer your questions and assist you in achieving your real estate goals.

CLHMS ABR SRES REALTOR MLS Equal Housing ePro


Outer Banks Real Estate - The Most Important Tip You Need to Know Before Buying Property on the Outer Banks

The most important decision you must make before purchasing Outer Banks real estate is selecting the agent you will work with. Choosing the right agent will save you time and money; choosing the wrong one may cost you both.

More than 70% of real estate buyers deal with the first agent they speak with. Don't make this costly mistake!

Research has shown that many people spend more money on their second home or investment property than they do on their primary residence. This means that your Outer Banks real estate purchase may well be the most valuable financial decision of your lives.

With so much at stake, it's important that you secure the best possible agent to represent your interests.

Why would you settle for less than the very best?

When selecting the right Outer Banks real estate agent for your needs, consider these tips:

1. Is your agent a member of the Institute for Luxury Home Marketing?

Members have received extensive training in handling exceptional properties in the upper tier market.

Whether or not you are considering a home in the million dollar range, shouldn't you choose an agent who has received the highest level of training?

I am a proud member of the Institute of Luxury Home Marketing. Only 4 other agents in the entire Outer Banks real estate market (936 agents strong) can make this claim.

2. Has your agent received the Certified Luxury Home Marketing Specialist designation?

Unlike many other designations, this one is performance-based, which means that the agent has achieved a solid track record of sales in the upper 10% of their market.

I have earned the coveted CLHMS designation, and only 2 other agents on the Outer Banks have received theirs.



3. Has your agent been recognized as a Million Dollar Guild member?

Million Dollar Guild status is accepted by real estate consumers the world over as the industry's elite. Success in the million dollar and above arena has been demonstrated and certified.

Simply put, it doesn't get better than this.

My strong performance in the luxury home tier has earned me membership in the exclusive Million Dollar Guild club.

Now that you realize that not all agents are alike, shouldn't you be calling the very best agent to assist you?

Let's talk about your Outer Banks real estate needs today. You may reach me toll-free direct at 877.207.1617.

I look forward to hearing from you.


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