Glossary of Real Estate terms - U V W Z

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

Utility Taxes

Examples may include water, sewer and garbage (may include recycling levies).

Variable Rate Mortgage

A mortgage loan where the interest rate is adjusted according to movements in the Bank of Canada Discount Rate, or the Prime Rate offered by the lending institution. Most variable rate mortgages carry the option of converting to a Fixed Rate Mortgage at any time.

Walk-through

A final inspection of the home before closing to inspect the premises for any damage that needs to be corrected by the vendor before closing.

Warranty

A promise, either written or implied, that the material and workmanship of a product is defect-free or will meet a specific level of performance over a specified period of time.

Zoning

Regulations established by local governments regarding the use of land and the location, size and height of any improvements built thereon within a specific area.

 

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 ]