Real Estate Terminology: G

A metal enclosure made of chain link or mesh normally filled with stone and designed to act as a retaining wall.

An increase in the owner's equity caused by a transaction that is not part of the typical, day-to-day operations and not part of an owner's investments or withdrawals.

Gap Loan:
Short-term financing that provides funding to cover a gap in time. Usually used for construction advances and the placement of permanent financing. Gap loan can be used for purchase of a new home before sale of client's previous home is completed. It may be utilized when funds are being withheld by the permanent lender due to delays in meeting stated objectives concerning a project. Short-term financing (sometimes also called a bridge loan or swing loan) is expected to be paid back relatively quickly and is typically taken out for a period of 2 weeks to 3 years, depending on circumstance.

General Partner:
The participant in a limited partnership who manages the operation and is liable for all debts.

Genuine Intention:
An authentic desire to follow through on an agreement.

The main iron or steel beam in a structure that spans the distance from one side of the foundation to the other.

Good Faith:
Honesty of intention or belief, regardless of the outcome of an action.

A long-term asset categorized as an intangible business asset that arises from the expectation of continued business activity accruing from the reputation of a business. Usually the sale of a business includes value for goodwill.

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Window Coverings

Window Coverings

Window coverings play a leading role in enhancing the style of the interior of your home. They can help set atmosphere and can be both attractive and functional. Window coverings come in variety of styles, colors and materials to help you achieve the look and the coverage you need. Read more...

Seller Info

Seller Info

If you currently own property and are thinking of placing it on the market, get informed about preparing your home for sale, pricing your property appropriately, marketing it effectively and learn everything you can about real estate sale process so you can maximize your chance of a profitable sale by avoiding costly marketing mistakes.

Know your credit rating first so you have time to resolve any issues that might stand in your way of buying.
Know your price range and obtain a pre-approved mortgage before you start house hunting.
Stick to your price range, no matter the economic situation, because it is safer to buy within your budget.

Lorne Park Brantford

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