BROKERS OPEN

An open house for Realtors of other real estate companies to preview your home. The Realtors will obtain specific information and discuss your home with your Realtor.

"BUYING A LISTING"

A Realtor suggesting an unrealistic price to please the seller and obtain the listing,
knowing it is not in the seller's best interest.

CMA

A Comprehensive Market Analysis. The process of determining the value of  your home.

CONDITIONING/ STAGING

Making improvements to a
  home for sale in order to make it most appealing to potential buyers.

CONTINGENT SALE

A sale which depends upon a specific condition addressed in the purchase agreement. For example, the sale of the 
buyer’s home, a building  inspection or the purchase of another home are all 
contingencies.

DISTRICT

The numbered area where your home will be featured in the newspaper and MLS publications.

LISTING AND SELLING PRICE

The listing price is the price at which a home is offered for sale. It is selected from the range of value determined in the market analysis. The selling price is the price the seller and buyer agree upon.

LOCKBOX

The security box attached to the door which contains the key to your home.

MULTIPLE LISTING SERVICE "MLS"

The Multiple Listing Service is a vehicle used by Realtors to give the broadest exposure to your property. It is an organization with which most real estate companies are affiliated. 

NON-CONTINGENT SALE

A sale that is not dependent upon specific conditions, other than the buyer qualifying for financing.

POINTS

Points are a fee paid to the lender. They are based on the amount of the loan being originated, with one point equal to one percent of the new mortgage amount.

PREVIEW

An appointment by a Realtor to screen your property for a potential buyer.

PRICE ADJUSTMENT

An adjustment in price that reflects current market conditions, to stimulate interest.

TOUR

An open house exclusively for Realtors of the listing company.

RELOCATION SERVICES

The services a real estate company provides to people relocating to or
from the Twin Cities or anywhere in the world.