When you decide to purchase a home in Ottawa, you will discover a new language used by real estate professionals. The following are some of the most common terms they use.

AMORTIZATION PERIOD: The Actual number of years it will take to pay back your mortgage loan.

APPRAISED VALUE: An estimate of the value of the property. Conducted for the purpose of mortgage lending by a certified appraiser. This appraisal is not to be confused with a building inspection.

ASSUMABILITY: Allows the buyer to take over the seller’s mortgage on the property.

CHATTELS: Removable personal items that are not normally included in the sale of the home, but may be added to the purchase price to a make the property more attractive (i.e. microwave ovens, laundry appliances.)

For a more comprehensive list of real estate terms and definitions, visit our Ottawa real estate website.
To talk with one of our sales professionals, call us today at 613-288-2455.

RARE OPPORTUNITY! SPECTACULAR TURN-OF-THE-CENTURY 3 STOREY HOME ON NICELY LANDSCAPED LOT IN SANDY HILL. THIS HOME HAS BEEN CAREFULLY RESTORED OVER THE YEARS TO MAINTAIN THE ORIGINAL CHARM & CHARACTER. (SPACIOUS EAT-IN KITCHEN & ENSUITE BATH ARE MODERNIZED TO OFFER PRESENT DAY COMFORTS). INVITING VERANDA & GARDENS. FORMAL PRINCIPAL ROOMS FEATURING PERIOD DETAILS & HARDWOOD FLOORS. THE POSSIBILITIES FOR THIS PROPERTY ARE ENDLESS!

Visit our Ottawa real estate website for more information on this incredible property or view our virtual tour of 551 Besserer Street now.

Contact us at 613-288-2455 to see this or any other property today!

Call 613-288-2455 to speak to Ray today or visit our Ottawa real estate website for tons of valuable information on buying or selling a home in Ottawa.