Glossary

This is the Glossary description. This can be changed by editing the Taxonomy Vocabulary.

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c
Carrying Chargessearch for term

The costs involved in holding a property which is intended to produce income (either by sale or rent) but has not yet done so,
i.e., insurance, taxes, maintenance, management.

Closingsearch for term

Time and place for the exchange of money for ownership. Generally handled by a title company or an attorney.

Commission search for term

The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property
established by contract (the listing agreement) prior to the auction.

Contract search for term

An agreement between two or more persons or entities which creates or modifies a legal relationship.