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

G

General warranty deed	A deed in which the grantor warrants title against all claims, offering the greatest guarantee of protection of any type of deed, and which is used in most real estate deed transfers of title
Ginnie Mae	The Government National Mortgage Association (GNMA), a United States corporation that guarantees privately issued securities backed by pools of mortgages insured by the Federal Housing Administration, the Farmers Home Administration, or the Veterans Administration
Graduated-payment mortgage (GPM)	A flexible-payment mortgage with monthly principal and interest payments that increase by a certain percentage each year for a certain number of years, and then level off for the remainder of the term
Grantee	The person who, by written document, receives title or an interest in real property from a grantor
Grantor	The person who, by written document, transfers title to or an interest in real property to a grantee
Gross Lease	The most common of residential leases, whereby the landlord pays for all property expenses incurred through ownership, such as taxes, insurance, repairs, etc.
Ground Lease	A long-term lease of land (usually 99 years) that allows the lessee to build and use the land as agreed in the lease, at the end of which, the land and any improvements revert to the owner
Ground rent	The payment made for the use of land when the title to the property is of a leasehold estate, rather than as a fee simple estate
Growing-equity mortgage (GEM)	A fixed-rate loan for which the monthly payments increase over a designated period of time, with the increased amount of the monthly payment being applied directly to the principal balance, thereby shortening the term of the loan
Guarantee mortgage, or Insured mortgage	A mortgage that is guaranteed against default by a third party (such as the FHA), and for which the borrower must pay an insurance premium
Guardian	An individual designated by the Court to protect and preserve the property of someone who is not able to manage his or her own affairs See "Conservator"

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

Home Inspections >Inspection Repairs

When you sell a house, the buyers will probably have a home inspection before they sign a contract to purchase the home. The inspector may turn up something that needs attention or repair, and after the inspection, the buyers may produce a list of items they want repaired as a condition for moving forward on the sale.

When you get the buyers' list, remember that some of the items may be negotiable. Sales contracts usually require that all the systems be in working condition. Some buyers may make requests that go beyond the normal obligations of the seller. They may ask for a new roof or certain structural repairs that you may not want to make. Your agent can help you to assess the risks of just saying "no" to buyers who are making demands you consider to be unreasonable. You may decide to decline the requests, but the buyers may also decide to back out of the deal as a result.

When you agree to make repairs, hire licensed professionals who will guarantee their work, and give copies of the reports to the buyers. Arrange to have the repairs made as far ahead of time to avoid last-minute complications which could compromise the transaction.

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Real Estate Trivia

Q	What time of year is considered the busiest for homebuyers and sellers?
A	Real estate is a year-round business, but spring is still considered the best time of year to showcase a home.
See More Real Estate Trivia >

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Tracy Wilson Eco-Broker, E-Pro, GRI, CSP, and ABR The Group Inc. 5401 Stone Creek Circle Loveland, CO 80538 Office: 970-613-0700 Fax: 970-667-7955 Tracy@TracysTeam.com For Tracy Wilson, it’s all about building lasting relationships with both buyers and sellers—and for her, this is a lifetime commitment. After the deal is done, she removes her “Realtor Hat” and walks out with her friends. Tracy continues to nurture her buyer and seller friends for years. One key to her success at making such lasting relationships is her belief in the “Team Concept” approach to her work, a top-producing team that stays on the cutting edge of technology and constantly continues their Real Estate education. Tracy makes sure that through the efforts and expertise of each of her team members, lines of communication are kept open and clients are kept well informed through every step of every transaction. Tracy’s clients never feel left in the dark when working with her and her team of experts. Because Tracy believes that excellent communication is the key to success, she has also developed the ability to listen carefully to the needs of both buyers and sellers. In this way, she is always in the position to be able to assist her clients and play a part in making their dreams come true! Clients have appreciated this about Tracy for years. Tracy also strongly believes in investing back in her sellers! She feels that it is a privilege to list a person’s home and she enjoys conveying that. She enjoys letting sellers know that because they are bestowing on her and her team the honor of listing their home, which is such a large investment, she and her team in turn will be using top marketing means, top advertising, and so on, in response. In sum, if you want your dream to come true, contact Tracy Wilson today for the best that Loveland, Greeley and Ft. Collins, Colorado, has to offer! She’ll be a friend for life! www.TracysTeam.com is brought to you by Tracy Wilson, real estate for Loveland, Greeley and Ft. Collins, Colorado Read Tracy Wilson's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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