Glossary of terms - E

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Earnest Money: The portion of the down payment delivered to the seller or escrow agent by the purchaser with a written offer as evidence of good faith.

Easement: A right created by grant, reservation, agreement, prescription, or necessary implication, which one has in the land of another.

Equity: A homeowner's financial interest in a property. Also can mean the difference between the market value of your home and how much you owe on the property.

Escrow: A procedure in which a third party acts as a stakeholder for both the buyer and the seller, carrying out both parties' instructions and assuming responsibility for handling all of the paperwork and distribution of funds.

Exclusive listing: A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time, but reserving the owner's right to sell the property himself without the payment of a commission.




CALL ME at 678-617-7167 to discuss your Real Estate needs. We are hard working, dedicated and honest in our approach to our clients and the industry as a whole. .

Mark Tidwell 678.617.7167
Linc Realty of Atlanta 678.394.3200

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