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Real Estate Glossary

What is Estimated Net Costs of Buying?

The estimated net costs of buying is the estimated gross costs of buying minus any expected tax savings. This calculation takes into account any deductions or credits that a buyer may be eligible for as a result of buying the property, such as the mortgage interest tax deduction. This gives the buyer a more accurate picture of the true costs of the purchase, and helps them to understand the net financial impact of the purchase.

Adjustment Period

Agency

Agent

Assets

Assumption

Assumption Clause

Counteroffer

Debt Coverage Ratio

Default

Equal Credit Opportunity Act.

For Sale By Owner aka FSBO

Personal Property

Shared-Equity Transaction

Straight Sale

Tax Shelter

Title Contingency

Title Search

Waiver of Subrogation (In a Lease)

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Broker Compensation is fully negotiable and is not fixed, controlled, recommended, or suggested by law or any multiple listing service or association of REALTORS®.
Beycome fully supports the Equal Housing Opportunity laws.

Artur

Real Estate Assistant