portret 5 star premier agent

Nikolai Riasnianski, Realtor CIPS, E Pro
Lifetime Member of Presidents Roundtable, Multi-Million Dollar Producer

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(Search all properties available for sale in the North West Valley of Phoenix)

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Tel: (623) 694-6578
Fax: (623) 977-1504

Tel: (623) 694-6578   Fax: (623) 977-1504   Riasnianski@gmail.com

Real Estate and Mortgage Glossary

Questions? Feel free to contact me:   Riasnianski@gmail.com

Your real estate terms

Understanding real estate terminology can be of great assistance in buying or selling a home, commercial property, or investment property. In order to help you understand words commonly used in a real estate transaction, I have prepared a list of real estate terms you should become familiar with. Thanks again and be sure to contact me for any of your Sun City, homes for sale in sun city arizona Grand real estate needs or real estate needs for Sun City, homes for sale in sun city arizona West, Sun City, Surprise. homes for sale in surprise. homes for sale in surprise, Peoria. homes for sale in peoria. homes for sale in peoria, Glendale homes for sale in surprise homes for sale in surprise here in Maricopa County, AZ.

Interest Rate

The monthly effective rate paid (or received if you are a creditor) on borrowed money. Expressed as a percentage of the sum borrowed.


IDX, or broker reciprocity, is a listing sharing arrangement between brokers within a Mulitple Listing Service.

Market Value

An asset's market value is the price it would fetch in the market, if it were sold in the current marketplace.

Title Insurance

A type of insurance which guarantees the ownership and quality of title to land.


An educated estimate of the value of a property on a certain date given by a person, usually after an inspection of the property.

As is

Implied in most Agreements of Purchase and Sale, suggests the buyer is accepting the property in it present state and relinquishes and responsibility from the buyer.


a) A person who has done any of the acts that by law entitle his creditors to have his estate administered for their benefit; b) a person judicially declared subject to having his estate administered under the bankrupt laws for the benefit of his creditors; c) a person who becomes insolvent.


To offer (a price) whether for payment or acceptance.

Property Tax

A tax levied on real or personal property

Interest Rate

The percentage usually on an annual basis that is paid for the use of money borrowed from another

Home Loan

a) Money lent at interest; b) something lent usually for the borrower's temporary use.

Credit Risk

An estimate of the amount of credit that can be extended to a company or person without undue risk.

Credit Union

A cooperative organization that makes loans to its members at low interest rates.

Prime Rate

The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers.


A mortgage whose interest rate is raised or lowered at periodic intervals according to the prevailing interest rates in the market.

Home Equity Loan

A loan or credit line that is secured by the equity the borrower has in a home.


A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.

Do you have a need for professional real estate services?

If you are looking for properties for sale in Sun City, Peoria, Surprise or anywhere in the North West Valley of Phoenix , I am here to help. Please contact me and I will help you when you are looking for a home for sale in Sun City, Peoria, Glendale, Surprise or anywhere in the North West Valley of Phoenix. Whether you are buying or selling, you have come to the right place. Please note all of your information will be kept strictly confidential and will only be used to provide you with outstanding real estate services.

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