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Real Estate Glossary

What does Split-Level Style mean?

A split-level style house is a type of architectural design that features multiple levels of living space that are divided by a few steps. This style is often associated with homes that were built in the 1950s and 1960s. They have a distinct layout where the main floor is divided into several levels, with a stairway leading to the upper and lower levels. The upper level typically contains the bedrooms and the lower level contains the living areas and the garage.

Community Reinvestment Act

Concession

Construction To Permanent Loan

Contract To Purchase

Historic Preservation

Infill Development

Joint Liability

Kick-Out Clause

Limited Partnership

Live-In Partnership

Low-Ball Offer

Needs-Based Pricing

Pre-approval letter

Private Mortgage insurance

Setback

Settlement Statement

Townhouse

Value/Price

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Artur

Real Estate Assistant