Chester, Long Valley and Mendham real estate and homes for sale in New Jersey - The Leigh Hill Team, REALTOR® REALTOR® Logo - NUMBER1EXPERT NUMBER1EXPERT™ Logo
Welcome to The Leigh Hill Team's Chester, Long Valley and Mendham Real Estate Website

Price:
Min:
Max:
Property Type:
OR Enter MLS
Sort By:
Default 
Location 
Price 
Type 
Search My MLS
Open Houses This Week
Free Home Evaluation
Chester Township
Long Valley Mendham
Testimonials
Leigh Hill and Maria Dudley are consummate professionals...
Leigh Hill and Maria Dudley are consummate professionals who are a pleasure to work with.
Laurie Allen
Read Quote >
View All Quotes >
Testimonials
Stay Connected
Facebook Linked-in Trulia

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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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 we Miss the Word YOU Are Looking For? 

Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! we will 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 us know! we always appreciate feedback. 

Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! we are happy to answer ANY questions. It's our job! There's no obligation, and Leigh and Maria promise to get back to you quickly... 

About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
Additional Info
Please Enter Your Comments.
Thank You For Your Feedback!
Send Latest Listings: What is this?
Send Latest News: What is this?

*Please note that fields marked with an asterisk are required.


Email With Confidence
Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >


Real Estate Tips
First Time Buyers >The Perfect House

Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations.

Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home.

See All Tips In The "First Time Buyers" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
Where is the world's tallest apartment block?

A 
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
See More Real Estate Trivia >


Print This Page Send To A Friend


The Leigh Hill Team, REALTOR®, real estate agent and broker for Chester, Long Valley and Mendham, New Jersey home listings, property and land for sale - NUMBER1EXPERT
The Leigh Hill Team, REALTOR®, real estate agent and broker for Chester, Long Valley and Mendham, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Leigh Hill and Maria Dudley
Weichert Realtors

142 Main Street
Chester
New Jersey 07930
Leigh Hill's Cell : 908-256-2364
Maria Dudley's Cell: 201-274-5273
E-Fax : 1-888-859-0247
E-Mail: leighHill@aol.com

The Leigh Hill Team is dedicated to providing the best possible professional service in the real estate industry for the past 30 years. Leigh, A NJ MILLION DOLLAR GOLD CLUB Award winner for 7 years, Leigh Hill's priorities include a high degree of quality-executed sales for her and Maria's clients. Leigh and Maria are responsible for some of the most prestigious residential developments,and single family homes in Morris and Somerset County. Their knowledge, honesty and commitment to results are the foremost reasons for their continued success. Contact "The Leigh Hill Team" for all of your real estate needs in Northwest New Jersey.


Weichert Realtors real estate and homes for sale in Chester, Mendham and Long Valley New Jersey

www.LeighHill.com is brought to you by The Leigh Hill Team
NUMBER1EXPERT in real estate for Chester, Long Valley and Mendham, New Jersey

Read The Leigh Hill Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge



USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.

www.LeighHill.com is brought to you by The Leigh Hill Team