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The equivalent phrase ‘as dry as a bone’ give testament to that, as virtually all of the ‘as X as Y’ similes point to a well-known property (that is, X) of some person or thing (that is, Y). The earliest known citation of ‘bone dry’ is in itself a definition of the phrase in just those terms.
When we say that something is “bone-dry,” we mean that it is completely devoid of moisture or liquid. This idiom can be used to describe anything from a desert landscape to a dry piece of toast. However, there are other words and phrases that can be used interchangeably with “bone-dry” depending on the context.
Mar 20, 2023 · 26. Equity. A percentage of the home’s value owned by the homeowner. 27. Escalation clause. A clause or addendum to a real estate contract or offer that states a buyer is willing to raise his or her offer price to a predetermined amount if the seller receives a higher competing offer for the property.
Mar 2, 2024 · Here are 25 slang terms in real estate that natives use and can add a touch of coolness and edginess to a real estate agent’s vocabulary: 1. Crib: – Definition: Slang for a home or property. – Example: “Check out this sweet crib I just listed! It’s got more charm than a puppy in a bowtie.”. 2.
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- Note: Letters of the alphabet without a relevant term are not listed.
- Adjustable-rate mortgage (ARM): A mortgage loan with an interest rate that can change throughout the loan’s lifetime.
- Agent: A real estate professional that is legally licensed to buy and sell property on behalf of their clients. An agent cannot operate independently, they must work under a licensed broker.
- Amortization: The process of gradually reducing mortgage loan debt over time by establishing scheduled monthly payments. The interest payment of an amortized loan will decrease as time goes on, while the principal payment will increase.
Property Transfer Tax (PTT) A provincial tax applied to property transactions in certain regions, including British Columbia. BC PTT is 1% on the first $200,000, 2% between $200,000 and $2,000,000, 3% on the amount of the fair market value above $2,000,000, and 5% on the fair market value above $3,000,000.
This is the escrow period, when both buyer and seller are working toward a closing. The status will show as pending until the closing. Even though a sale is highly likely, some pending properties ...
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