Habendum Clause:
A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. In a deed, a habendum clause usually begins with the words "to have and to hold." Its provisions must agree with those stated in the granting clause.

Hard Cost:
A construction industry term for cost of tangible assets needed to complete construction project.

A HELOC is an acronym standing for Home Equity Line of Credit.

High Ratio Mortgage:
A mortgage where you have a down payment of less than 20% of the purchase price. This type of mortgage must be insured to protect the lender against default.

Highest and Best Use:
The use of real property that will support the highest value and will produce the greatest net return over a period of time.

An amount of money withheld by the lender during the progress of construction of a house to ensure that construction is satisfactory at every stage. The amount of holdback is generally equivalent to the estimated cost to complete construction.

HVAC (Heating, Ventilating and Airconditioning):
The mechanical unit or units used for regulating even distribution of heating, ventilating and airconditioning throughout the building. This is the technology of indoor and vehicular environmental comfort.

Electrical Safety

Electrical Safety

To most of us, electricity is simply flicking a switch or turning a dial to light up a room, cook supper or get instant entertainment. We take it for granted -- that is, until there's a power failure and we have to scramble to find flashlights, candles and matches in the dark.

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 sale process so you can maximize your chances. Read more...


Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.”

Marshall Field