Real Estate Markets are very different and many things are handled differently from one state to another. We have assembled a glossary of the most common terms used in the Florida Real Estate Market to assist our American clients and the many international clients from Canada, United Kingdom and other countries across the world.

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General warranty deed

An instrument of conveyance containing the strongest and most comprehensive promises of further assurance possible for a grantor (seller) to convey to a grantee (buyer)

 

Going concern value

The worth of a business, including real estate, goodwill, and earning capacity

 

Good faith

A party's honest intent to transact business, free from any intent to defraud the other party, each party's faithfulness to one's duty or obligations set forth by contract

 

Goodwill

An intangible asset (value) of a business

 

Grantee

Party who receives a deed or grant, buyer

 

Grantor

Party who signs and gives a deed, seller

 

Gross income multiplier (GIM)

A rule of thumb for estimating the market value of commercial and industrial properties, the ratio to convert annual income into market value

 

Gross rent multiplier (GRM)

A rule of thumb for estimating the market value of income-producing residential property; the ratio to convert rental income into market value

 

We hope you found the above links useful, and remember, if you have any questions regarding buying or selling your Florida Holiday Home or permanent residence in the Disney Orlando area please contact us - we look forward to your call.