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Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Contributors in Relocation

Relocation

Selling costs

Business services; Relocation

Costs associated with the marketing and selling of a property, including real estate commissions and monetary concessions and incentive.

Selling agent

Business services; Relocation

Agent responsible for finding a qualified buyer for a property; often referred to as Buyer's Agent.

Security deposit

Business services; Relocation

Funds held to guarantee performance of terms. Most frequently seen in a lease wherein the tenant must deposit funds with the landlord for the life of the lease to guarantee performance and condition.

Second mortgage

Business services; Relocation

A mortgage that has lien position subordinate to the first mortgage.

Sales contract

Business services; Relocation

A contract by which the buyer and seller agree to terms of sale.

Pre-qualification

Business services; Relocation

The process of determining how much money a prospective homebuyer will be eligible to borrow before applying for a loan.

Power of attorney

Business services; Relocation

A written document authorising a person to act of the behalf of another person. The authorised person does not have to be an attorney.

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