Glossary of Real Estate terms - O

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A B C D E F G H J L M O P R S T U V W Z

Offer

A written proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some essential terms--including the price and subject matter of the contract--and must be communicated by the person making the offer. A legally valid acceptance of the offer will create a binding contract, subject to the terms and conditions stated in the document.

Open House

An opportunity for prospective buyers to view a house in a low pressure environment.

Open Mortgage

A mortgage that can be prepaid or renegotiated at any time and in any amount, without penalty.

Occupancy Permit

The local building inspector's certification that the property has been fully completed in accordance with the building code and local regulations.

Owner Financing

A property purchase transaction in which the property seller provides all or part of the financing.

 

Stan Shawn REALTOR® For Vancouver
If you own real estate that you're thinking of selling, call today for a free Market Evaluation with no obligation. In today's competitive real estate market, timing is everything. Many good properties are sold before they are even advertised. Beat other homebuyers to the hottest new homes for sale in Greater Vancouver with Stan’s New Listings Notification. Whether you are buying or selling a home or commercial real estate, hire Stan Shawn and make the best move!
Stan works effectively for his clients by combining sharp negotiating and marketing skills with a thorough knowledge of the real estate market. Because of his caring and pleasant personality, Stan's clients enjoy the process almost as much as the great results he produces on their behalf. It is because of these qualities that most of Stan's past clients have been happy to recommend him to their friends and relatives when they have required the services of a real estate professional.
We invite you to contact Stan as he'd be pleased to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in the Lower Mainland of British Columbia, do not hesitate to Stan at (604) 306-4911. Date of last site update [ 11/2/18 ]