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O-ring
A small rubber
ring that provides a water seal in faucets and other plumbing
fittings. |
obsolescence
Loss in
value because a home's design and construction have become obsolete.
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online real estate listings
Properties listed for sale on the Internet. |
open house
A
marketing tool in which a listing agent opens a house to the public for
viewing. |
open listing
A
property given to a number of brokers to market at the same
time. |
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open space
Undeveloped land or common areas in a planned community reserved
for parks, walking paths, or other natural uses. |
option
A situation in
which a buyer puts down money for the right to purchase a piece of real estate
within a set time period but does not have an obligation to
buy. |
option listing
A
listing agreement with a clause that gives the listing broker the right to
purchase the property. |
oral agreement
Contractual arrangements that are not in writing and are usually
not legally binding. |
orange peel
A type of
wallboard finish with a texture like that of an orange peel. |
oriented-strand board
Often abbreviated "OSB," this is a relatively inexpensive
manufactured wood panel that, like plywood, is sold typically in a 4-by-8-foot
size and used for roof and wall sheathing. |
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original principal balance
The amount of principal owed on a loan before a borrower makes any
payments. |
origination fee
A fee
charged by most lenders to cover the direct costs of arranging the loan; also
called points. A point is 1 percent of the total loan amount. |
ostensible agency
An
implied agency relationship not involving a written agreement or
documentation. |
outbuilding
Any barn,
shop, shed, or other structure located on a lot in addition to a house or other
main building. |
overflow plate
A
small plate that covers an outlet near the rim of a sink or tub. If the water is
left running, this allows it to drain away to prevent
overflows. |
overflow prevention switch
A special air-pressure switch in a dehumidifier that turns the unit
off when water in the reservoir rises to a certain level. |
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overhang
A
protruding structural feature. |
overimproved property
Property that could not be sold at a price high enough to recoup
the costs of improvements. |
owner financing
A
transaction in which the seller of a property agrees to finance all or part of
the purchase.
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Eastgate Real Estate
Are you curious about the value of Eastgate Ohio real estate? I can answer this important question in about ten seconds! Simply put in the Ohio home address and in no time you'll have your estimate, complete with all the home values in the area! Before I list your home in the MLS, you'll be confident that your Eastgate area home is sold for the right price. A home priced too high will not sell, while a home priced too low will leave you with less than satisfactory results on your investment. I specialize in Eastgate, Anderson, Cincinnati, Batvia and Amelia so contact me today! 
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