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Real Estate Dictionary

Welcome > Resources > Real Estate Dictionary - A

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

X, Y, Z

Zoning

e regulation by local government of the use and development of private land

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

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Real Estate Tips

Financing Your Home >Financing Contingencies

Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.

You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.

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Real Estate Trivia

Q	Into what category do forty-four percent of home buying households fall?
A	Forty-four percent of home-buying households are made up of married couples with dependents.
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Nancy Watson, REALTORŽ, real estate agent and broker for DeKalb and Sycamore, Illinois home listings, property and land for sale - NUMBER1EXPERT

Nancy Watson
Coldwell Banker Honig Bell
1957 DeKalb Avenue
Sycamore, IL 60178
888-556-7653
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Email: nwatson@nancywatsonhomes.com
Nancy Watson has been a realtor in DeKalb County for 36 years. She is a Graduate of the Realtors Institute of Illinois, and a Certified Residential Specialist. We are located approximately 60 miles west of Chicago. She can price your home in less than 24 hours. Relocation packages are available upon request. Nancy can show every listing in the community. Nancy is a member of Northern Illinois MLS. Let Nancy help you find your Dream Home Today!

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