Real Estate Dictionary

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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

Q

Quiet title

A court action to remove a claims or objections of other parties on a title

Quitclaim deed

A deed that releases whatever interest or title a grantor may hold in a property, without claiming any obligations or warranties

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

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Real Estate Tips

Bargain Properties >The Inspection Report

Are you looking for a home and becoming tired of house-hunting? If so, you may be tempted to buy a bargain-priced home "as is" and forego the home inspection. But without the inspection report, do you know what the "as it" refers to? Wouldn't it be better to know what condition the home is in before you buy it?

The inspection contingency allows the buyer to enlist the services of a licensed home inspector within three to seven days after the purchase agreement is signed. The inspector will go over the property from top to bottom, evaluating the condition of all the basic systems and structures of the home in order to identify conditions that may be considered material defects and thus may affect the market value or the safety of the home.

The inspector's report is the only documented proof of the actual condition of the property that is being sold. It is a valuable tool that helps you negotiate the sales contract and gives you information about future maintenance projects. The cost of an inspection is well worth the peace of mind it provides.

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Real Estate Trivia

Q	During what months of the year do most people move from one home to another?
A	Most moves occur between the months of May and September.
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Rhonda Mortensen, REALTORŽ, real estate agent and broker for Silver Spring, Takoma Park and Bethesda, Maryland home listings, property and land for sale - NUMBER1EXPERT

Rhonda Mortensen
Long & Foster Real Estate Inc.
Bethesda Gateway Office
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Bethesda, Maryland 20814
Office: 301-907-7600
Home: 301-585-1180
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