The connections in a kitchen that supply utilities including hot and cold water and natural gas. When you remodel a kitchen, you need to make sure that the supply lines are equipped to handle the...
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Single-Family Residential (SFR)
A designation used to describe real estate used for living space by a single household.
Subject to Deal
When a buyer purchases a property subject to the existing mortgage. The buyer agrees to make the payments on the property and the seller transfers ownership but is still legally responsible for...
Starter Home
A relatively small, economical residence that meets the requirements of a first-time homebuyer. Usually these properties appeal to younger buyers, but the aesthetic requirements for starter homes...
Single Family Investing
An investment strategy revolving around the purchase of single-family real estate. Single-family investing usually is assumed to involve the purchase of single-family residential real estate for...
Short Sale (Real Estate)
When a distressed homeowner sells a property for less than the amount due on a mortgage with the endorsement of the lender to a third party. All proceeds from the sale go to the lender and the...
Seller-Financing
Seller financing involves the previous owner of the property, the seller, making a loan to the buyer so that this individual can purchase the home for sale. This is a legally binding note that...
Self-Directed IRA
A retirement account that allows the account holder to save money for retirement in a tax-advantaged way while investing their savings in nearly anything they like, including real estate.
Self-Dealing
When a self-directed IRA investor takes advantage of their position in a transaction to act for their own interests instead of those of the self-directed IRA.
Secondary Mortgage Market
The market where home loans and servicing rights to those loans may be bought and sold by lenders and investors. Most home loans are sold on this market at least one time and usually far more...
