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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Hazard Insurance

Coverage by contract whereby one party undertakes to guarantee another party against loss resulting from physical damage to real property

 

Home equity loan

A mortgage secured by a personal residence It provides a line of credit available for draws when needed by the homeowner It is sometimes used as a home improvement loan.

 

Homestead

Term used to describe three separate but related situations: (1) a tax exemption, (2) a tract of land limited in size, and (3) a statutory condition designed to protect the interests of a spouse and lineal descendants

 

Household

One individual, or a group of individuals, living in one dwelling unit.

 

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.