A higher level of buyer/borrower prequalification required by a mortgage lender. Some preapprovals have conditions the borrower must meet.
(1) Mixed-use development that sets aside areas for residential use, commercial use, and public areas such as schools, parks, and so on. (2) A planned unit development (PUD) is a housing community made up of single family residences, townhomes, and condominiums — as well as commercial units. PUDs offer many common areas owned by the HOA and […]
A real estate contract that has been accepted on a property but the transaction has not closed.
A written document from a seller’s mortgage company stating the amount of money needed to pay the loan in full.
A taxing authority’s tracking number for a property.
A hindi term for the security deposit given to landlord before renting a property. It is refundable at the expiry of the lease term to the outgoing tenant.
Refers to space in a proposed building that has been leased before the start of construction or in advance of the issuance of Occupancy Certificate.
Property available for purchase before its official launch. It is generally cheaper and may or may not have the requisite approvals from government authorities.
These are additional costs that needs to be paid for the unit that has a certain location advantage over other units in the project.
New age construction technology where parts of a building like slabs etc are manufactured at an industrial unit and then assembled on site