Inspection

Home inspections are required once a potential buyer makes an offer. Typically, they cost a few hundred dollars. The purpose is to check that the house’s plumbing, foundation, appliances, and other features are up to code. Issues that may turn up during an inspection may factor into the negotiation on a final price. Failing to […]

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Internet Data Exchange (IDX)

You’re able to feature homes for sale from your Multiple Listing Service on your real estate website to generate leads … but did you know there’s an easier way to feature only the properties you want to promote? By taking advantage of the Internet Data Exchange, or IDX, you can streamline the types of listings that […]

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Interest rate float

(1) The borrower decides to delay locking their interest rate on their loan. They can float their rate in expectation of the rate moving down. At the end of the float period they must lock a rate. (2) The interest rate is the amount charged by a lender in exchange for loaning money to a […]

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Inspection rider

Rider to purchase agreement between third-party relocation company and buyer of transferee’s property stating that property is being sold “as is”. All inspection reports conducted by the third party company are disclosed to the buyer and it is the buyer’s duty to do his/her own inspections and tests.

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Inputting

The process of entering new listings or changes to a current listing in the multiple listing services.

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IDX

(Internet Data Exchange) Allows real estate brokers to advertise each other’s listings posted to listing databases such as the multiple listing service.

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