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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

W

Waiver

The relinquishing of a right

Warranty

A guarantee provided to the purchases regarding the quality of appliances or fixtures sold
Also a promise by the grantor of a piece of property that he or she is responsible to the buyer if the title of ownership is defect in any way

Warranty deed

A document conveying ownership of a property that guarantees a clear, clean title

Will

A written document stating how an individual chooses to have his or her property distributed after his or her death

Wraparound loan or Wraparound mortgage

A method of refinancing which covers the remaining balance on an existing first mortgage as well as the additional amount of loan being requested by the mortgagor; full payments covering both mortgages are made to the Wraparound mortgagee, who then forwards on the portion of payment due to the first mortgagee

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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Real Estate Tips
Time to Move >Moving On Up

Many people buy their first homes before they start a family or become established in their careers. A few years later their life circumstance has changed. They need more space or have increased income to invest in a higher priced home.

Changes in lifestyle often create changes in housing needs. A big promotion may require you to do more at-home entertaining. This translates into the need for a larger kitchen and additional living space. If you are starting a family, it may be time to trade your sophisticated home in the city for a house which has a big yard and is located in a good school district. If changes in your life have prompted thoughts of moving, an agent will be happy to discuss all of the possibilities with you. Your agent can determine what your present home is worth and show you homes that will meet your current needs.

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Real Estate Trivia
Q 
What is the world's tallest monument?

A 
The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high.
See More Real Estate Trivia >


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Wayne Lyons, REALTOR®, real estate agent and broker for Bethany Beach, North Bethany and Fenwick Island, Delaware home listings, property and land for sale - NUMBER1EXPERT

Wayne Lyons
Long & Foster

33298 S. Coastal Hwy
Bethany Beach
DE 19930
800-844-9151
302-539-9040 ext. 222
Fax: 302-539-2185
bethany-beach-homes@NUMBER1EXPERT.com

Wayne Lyons will tell you Bethany Beach, Fenwick Island, and the surrounding communties offer the best in life for those looking to make the most of coastal living. It is this love for home that has propelled Wayne to the forefront of his career as one of the area's most trusted real estate professionals. Few things bring him greater fulfillment than connecting others with the exceptional lifestyle here. Whether you are looking to buy or sell, give Wayne Lyons a call today.

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