Mobile, Grand Bay, Irvington, Theodore, Tillmans Corner, Saraland, and Semmes real estate and homes for sale in Alabama
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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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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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Q	What is the average price for a home in the United States?
A	According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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The Charles Hayes Team, REALTOR®, real estate agent and broker for Mobile, Grand Bay, Irvington, Theodore, Tillmans Corner, Saraland, and Semmes, Alabama home listings, property and land for sale

The Charles Hayes Team
Coldwell Banker, Charles Hayes Real Estate, Inc.
1120 Hillcrest Road
Mobile, AL. 36695
251-633-6300
251-421-7070
Fax: 251-633-6679
Email: charleshayes@NUMBER1EXPERT.com
Charles E. Hayes wants to be your real estate agent! With over thirty years in the real estate industry, he has extensive knowledge of the real estate market in the area, and he works with both buyers and sellers. Charles specializes in new home construction. He also has two full-time assistants who are also Realtors and a closing agent to help you. Having his team work for you makes buying or selling your new home nearly effortless. Call or email him today!!!

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