REAL ESTATE DICTIONARY


A I B I C I D I E I F I G I H I I I J I K I L I M I N I O I P I Q I
R		 I S I T I U I V I W I X I Y I Z
Results
R
Back to top


R-value
A measure of a material's resistance to heat loss, usually applied to insulation products. The higher the R-value, the slower the rate of heat loss.
radiant heating
A form of home heating delivered by electric-resistance elements--either wall registers or cables or foils beneath the flooring or above the ceiling--or via hot water circulated through in-the-floor tubing or room radiators.
radon
A ground-generated radioactive gas that seeps into some homes through sump pumps, cracks in the foundation and other inlets. A serious health hazard.
rafter
One of a series of beams that form the slope of a pitched roof and are analogous to floor joists.
rails
The horizontal structural members of a door. Most doors have a top rail, a bottom rail, and a center rail connected at both ends to vertical stiles.
R
Back to top

rammed-earth construction
An alternative building process in which dirt is compacted into large structural frames to create walls.
ranch style
A modern style of home popularized in the 1950s and championed by architect Frank Lloyd Wright, among others.
rate cap
The maximum interest rate charge allowed on the monthly payment of an adjustable rate mortgage during an adjustment period.
rate lock
A lender's commitment to a borrower to guarantee (or "lock in") a specific interest rate for a limited amount of time.
rate type
Rate type determines if and how payments adjust over the loan term. Available rate types include fixed-rate, balloon, and adjustable-rate.
rate-improvement mortgage
A loan with a clause that entitles a borrower to a one-time interest rate cut without going through refinancing.
R
Back to top

real estate
Land and anything permanently affixed to it, including buildings.
real estate agent
A person licensed by a state to represent a buyer or a seller in a real estate transaction in exchange for a commission. Unless they are also brokers, agents must work in association with a real estate broker or brokerage company.
real estate broker
A person, corporation, or partnership licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. Brokers supervise licensed sales agents, who then act for the broker (who is legally the principal agent in any transaction).
real estate investment trust (REIT)
Publicly traded companies that own, develop, and operate commercial properties.
real estate professional
Any real estate broker, sales agent, or attorney who holds a real estate license.
Real Estate Settlement Procedures Act (RESPA)
A federal law designed to make sellers and buyers aware of settlement fees and other transaction-related costs. RESPA also outlaws kickbacks in the real estate business.
R
Back to top

real property
Land and any permanent fixtures on it, including buildings, trees, and other fixtures.
Realtist
A designation for an agent or broker who is a member of the National Association of Real Estate Brokers.
Realtor
A designation for an agent or broker who is a member of the National Association of Realtors.
reconveyance
A lender's act of conveying a property back to a borrower who has completely paid off his or her mortgage.
recorder
A public official responsible for keeping record of all real estate transactions.
recording
The filing of property-related documents into the public record.
R
Back to top

recording fee
A fee charged by real estate agents for conveying the sale of a piece of property into the public record.
redlining
An illegal practice by a bank or insurance company that denies credit or insurance to people based on ethnic background or neighborhood.
refinancing
The process of replacing an older mortgage with a new mortgage that has better terms.
regression
The principle that the value of a better-quality property is adversely affected by the proximity of a lesser-quality property.
Regulation Z
A federal code issued under the Truth in Lending Act that requires that a borrower be advised in writing of all costs associated with the credit portion of a financial transaction.
rehabilitation mortgage
A mortgage that provides for the costs of repairing and improving a resale home or building.
R
Back to top

REIT (real estate investment trusts)
Publicly traded companies that own, develop, and operate commercial properties.
release clause
A provision in a purchase contract that allows a seller to continue marketing their home and accept other offers.
relocation benefits
Employer-provided benefits for new employees. These benefits can include moving costs, reimbursement for temporary housing and transportation, real estate agent assistance, and discounted loans.
relocation company
A firm that administers all aspects of relocating new employees from one location to another.
remaining balance
The amount of unpaid principal on a home loan.
remaining term
The original loan term minus the number of payments made.
R
Back to top

rent loss insurance
A policy that covers any loss of rent or rental value in the event that fire or other damage renders the property uninhabitable.
renter's insurance
A policy for renters that covers the replacement value of possessions.
repayment plan
When a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court.
replacement cost
The current cost of rebuilding a structure to its original specifications.
replacement reserve fund
Money that is set aside from homeowners' assessments to replace common property such as furniture in a planned development's community room.
repointing
Replacing damaged mortar in the joints between bricks or stones.
R
Back to top

repossess
To take back property. A lender holding a mortgage may repossess a property if the buyer fails to make payments.
resale value
A property's future value, which can be affected by many factors including the surrounding neighborhood, school district scores, and economic and housing market conditions.
rescission
The cancellation of a contract by law or consent from the parties involved.
reserve fund
Money set aside by a homeowners' association for major repairs or improvements.
resilient channel
A channel run across wall studs underneath wallboard to reduce sound transmission.
RESPA (Real Estate Settlement Procedures Act)
A federal law designed to make sellers and buyers aware of settlement fees and other transaction-related costs. RESPA also outlaws kickbacks in the real estate business.
R
Back to top

restriction
Any limitation on the use of property.
restructured loan
A mortgage in which new terms are negotiated.
return on investment
The amount of profit a property generates.
reverse mortgage
A special type of loan available to equity-rich, older owners. Repayment is not necessary until the borrower sells the property.
ridge board
A horizontal board that serves as the apex of the roof structure.
ridge vent
A vent located along the ridge board of the roof that allows moisture to escape.
R
Back to top

right of first refusal
An agreement by a property owner to give another person the right to buy or rent the property before it goes on the open market.
right of way
The right to pass over or use another's land.
right to rescission
A provision in the federal Truth in Lending Act that allows borrowers to cancel certain kinds of loans within three days of signing.
riparian rights
An owner's right to use a river, stream, or lake bordering the owner's property.
riser
Vertical boards between the steps of a stairway.
rocker switch
An electrical switch operated by tapping the top or bottom of the control plate.
R
Back to top

rollback
A limitation on annual assessed value increases or a reduction in the amount of property tax paid.
roof sheathing
Flat boards nailed to the rafters to which a covering is fastened.
rough-in
The installation of plumbing, electrical, and other mechanical systems.
Rural Housing Service
A U.S. Department of Agriculture program that provides financing to farmers and certain borrowers to purchase rural property when other funds are not available.
RV pad
A large concrete pad designated for parking a recreational vehicle.
Easy as 123
1. Submit Your Project
2. Contractors Bid On It!
3. Approve the Bid You Like!

Easy!
exterior

Short Desc : painting of exterior

Bid Range : $2500

Windows and Doors
in Ashland

Short Desc : Homeowner needs to have a window repaired. Ready to secure a contractor.

Bid Range : $500

Windows and Doors
in Hampton

Short Desc : Homeowner needs to replace 1 window in their home. Ready to secure a contractor.

Bid Range : $500

Painting and Wallcovering
in Fort Pierce

Short Desc : Homeowner needs to have wallpaper installed/removed. Ready to secure a contractor.

Bid Range : $5000

Roofing
in Palm Beach Gardens

Short Desc : Homeowner needs to have the shingle roof replaced on their 1461 sq ft. home. Ready to secure a contractor.

Bid Range : $5000

Windows and Doors
in Port Saint Lucie

Short Desc : Homeowner needs to replace 8 windows in their home. Ready to secure contractor. Spoke with Thomas. Project details were confirmed. He is looking to begin his project as soon as possible.

Bid Range : $1000

Roofing
in Stafford

Short Desc : Roof over deck low pitch small leak in corner 12 x 12 need redone probably with rolled roofing

Bid Range : $2500

Remodeling and Room Additions
in Port Saint Lucie

Short Desc : Homeowner needs to have their 280 sq ft carport enclosed to form a bedroom and a bathroom. Will require plumbing work for the bathroom. Ready to secure a contractor.

Bid Range : $10000

Remodeling and Room Additions
in Richmond

Short Desc : Homeowner needs to add 140 sq ft onto their 1460 sq ft home. Project will be extending their 140 sq ft master bedroom into 280 sq ft. They will need help with the plans and permits.

Bid Range : $50000

Remodeling and Room Additions
in Leonardtown

Short Desc : Adding a second floor to include a master bedroom, master bath, and a guest room. Would like to add a backyard deck & wrap around porch. As well as remodel current bathrooms.

Bid Range : $200000

Remodeling and Room Additions
in Richmond

Short Desc : Homeowner needs to have an addition built on their 2,306 sq ft home. Will need help with plans and permits. Ready to secure a contractor.

Bid Range : $5000

Decks
in Sandston

Short Desc : A deck about 3/4 the length of the back of the house. A bench built into the deck as an option. A lattice looking ceiling/roof to minimize sunlight as an option.

Bid Range : $10000

Bathroom Remodeling
in Colonial Heights

Short Desc : Homeowner needs to have flooring laid in her 40 sq ft bathroom. Will need installation of bathtub, shower and sink.

Bid Range : $10000

Painting and Wallcovering
in Virginia Beach

Short Desc : We need a painter for a medical office.

Bid Range : $2500

Remodeling and Room Additions
in Colonial Beach

Short Desc : Customer needs to remodel their entire 820 sq ft home due to water damage. Project to include replacing an exterior wall, drywall, painting, flooring, and fixtures. May need minor electric. Spoke with Sean and project confirmed. Needs to remodel 820sq ft home due to water and fire damage. Need to prepare house to sell. Will include replacing an exterior wall, drywall, painting, flooring and fixtures. Would like to start ASAP and can be reached at anytime.

Bid Range : $25000

Windows and Doors
in Louisa

Short Desc : I am interested in possibly tinting the windows in the front room(s) of my Lake House, may add all windows depending on price.

Bid Range : $5000

Remodeling and Room Additions
in Leonardtown

Short Desc : Adding a second floor to include a master bedroom, master bath, and a guest room. Would like to add a backyard deck & wrap around porch. As well as remodel current bathrooms.

Bid Range : $200000

Windows and Doors
in Stafford VA 22556

Short Desc : I want to install two basic, glass, sliding doors for a patio deck and basement patio in my house. I will purchase doors and have them at the site. I need professional measurement to help chose the correct size door and to install them for me. Spoken to homeowner. Looking to start as soon as in contact with a contractor. Can be contacted any time on cellphone.

Bid Range : $2500

Windows and Doors
in Port Saint Lucie

Short Desc : Homeowner needs to install windows on two of their homes. One home is 1300 sq. ft and needs eight windows installed. The other is 1000 sq. ft. and needs 7 windows installed.

Bid Range : $500

Roofing
in Newport News

Short Desc : Homeowner needs to have the tar roof on their 1,500 sq ft home replaced. Ready to secure a contractor. I spoke to Tee, who is looking to start ASAP, and can be contacted in the mornings, 1500 tar roof replaced. There was patch work done 10 years ago fixing up some rotting place`s. That wasn`t done right. Would like the whole roof done.

Bid Range : $10000

Bathroom Remodeling
in Fredericksburg

Short Desc : To

Bid Range : $10000

Remodeling and Room Additions
in Petersburg

Short Desc : Remodeling kitchen. Need cabinets, counters, ceramic tile, paint, and install a new dishwasher. Currently no dishwasher.

Bid Range : $10000

Paving and Patios
in Glen Allen

Short Desc : We would like a 100 to 120 sq ft walkway/patio built between our deck and driveway made of mortorless paving stone if not too expensive Arleen would like to get her project started asap.

Bid Range : $2500

Remodeling and Room Additions
in Newport News

Short Desc : Homeowner needs to add onto their 2500 sq ft home. The addition will be a second story. They will need help with plans and permits.

Bid Range : $25000

Remodeling and Room Additions
in Mineral

Short Desc : Need to be put in touch with a contractor in the mineral area. Please call at the number provided and we can discuss the details. Thanks in advance.

Bid Range : $2500

Drywall and Plastering
in Midlothian

Short Desc : Patch job where the house is settling in family room. It has crack on side of wall and celling.some does drywall.

Bid Range : $500

Drywall and Plastering
in King George

Short Desc : 1500 sq ft garage w/ loft

Bid Range : $2500

Baby Room

Short Desc : 3 walls ne color and 1 accent wall in wide stripes.

Bid Range : $600

Painting and Wallcovering
in Aylett

Short Desc : Paint our living room, including the cathedral ceiling, as well as one wall in our kitchen.

Bid Range : $2500

Bathroom Remodeling
in Chester

Short Desc : 1970`s bathroom - needs updating - replacing ceramic tile, ceramic floor, replace counter top/sink and toilet - would like some designer help. Would like to see if possible closet beside bath can be incorporated into new bathroom (costs involved)

Bid Range : $5000
Copyright © 2007 | Privacy Policy