Solicitor Professionally qualified legal expert who prepares documents for the sale or purchase of a property. In the United States solicitors are typically referred to as lawyers or attorneys. Are other global real estate terms confusing? Need more help translating the local market? Be Global is ready to help you with your international real estate goals. Learn…Read More→
Return on Investment (ROI) Return on Investment measures the gain or loss generated on an investment relative to the amount of money invested. For investors who diversify their investment portfoliowith real estate, it is important to measure the ROI to determine a property’s profitability. Are other global real estate terms confusing? Need more help translating…Read More→
Notary Public A notary public (or notary) is a public official appointed by a state government to help deter fraud. Notary publics witness the signing of important documents and verify the identity of the signer(s), their willingness to sign the documents, and their awareness of the contents of the document or transaction. Are other global real estate terms…Read More→
Lease A lease is a contractual arrangement calling for the lessee (tenant) to pay the lessor (landlord) for use of an asset. Property, buildings, and land are common assets that are leased. Broadly put, a lease agreement is a contract between two parties, the lessor, and the lessee. Are other global real estate terms confusing? Need more…Read More→
Landlord A Landlord is the owner of a house, apartment, condominium, land, or real estate which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter). Are other global real estate terms confusing? Need more help translating the local market? Be Global is ready to help you with…Read More→
Gazumping When a buyer’s offer in the U.K. is accepted on a property by a seller but, before the property sale completes, the seller accepts a better offer from another party. This practice is not legal in the United States. Are other global real estate terms confusing? Need more help translating the local market? Be Global is…Read More→
Closing Costs Closing costs are the expenses, over and above the price of the property, that buyers and sellers normally incur to complete a real estate transaction. Costs incurred may include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees and credit report charges. Prepaid costs are those that recur over time, such…Read More→
Appraisal A written justification of the price paid for a property conducted by a professional, primarily based on an analysis of comparable sales of similar homes nearby. Are other global real estate terms confusing? Need more help translating the local market? Be Global is ready to help you with your international real estate goals. Learn more…Read More→
Apostille An Apostille (pronounced “ah-po-steel”) is a French word meaning certification. The Apostille is attached to your original document to verify it is legitimate and authentic so it will be accepted in one of the other countries who are members of the Hague Apostille Convention. In the United States it is more common to use…Read More→
Apartment An apartment is a self-contained housing unit that occupies only part of a building, generally on a single story. They are called “flats” in British English. Are other global real estate terms confusing? Need more help translating the local market? Be Global is ready to help you with your international real estate goals. Learn…Read More→