Stan Shawn | 604.306.4911 | REALTOR® for Vancouver


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Glossary of Real Estate terms - F

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A B C D E F G H J L M O P R S T U V W Z

Fair Market Value

The highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.

Fee Simple Ownership

The greatest possible interest a person can have in real estate. The English Common Law provided for a number of ways of owning title to land. The word "Fee" meant ownership and additional words added described the style of ownership. "Fee Simple" was simple ownership, without any reservations or terms. An estate limited absolutely to a person and his or her heirs and assigns forever without limitation or condition. The name survives today.

Fire Insurance

All Risk Broad Form Insurance Coverage Insurance against loss by fire, wind, storms, or other common hazards that a homeowner can purchase.

First Mortgage

The mortgage that is in first place among any loans recorded against a property. Usually refers to the date in which loans are recorded, but there are exceptions.

Fixed-Rate Mortgage

A mortgage in which the interest rate does not change during the entire term of the loan.

Fixture

Personal property that becomes real property when attached in a permanent manner to real estate.

Flood Insurance

Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in designated flood areas.

Foreclosure

A legal process by which the lender takes possession and ownership of a property when the borrower defaults on the mortgage obligations.

Stan Shawn REALTOR® For Vancouver
If you own real estate that you're thinking of selling, call today for a free Market Evaluation with no obligation. In today's competitive real estate market, timing is everything. Many good properties are sold before they are even advertised. Beat other homebuyers to the hottest new homes for sale in Greater Vancouver with Stan’s New Listings Notification. Whether you are buying or selling a home or commercial real estate, hire Stan Shawn and make the best move!
Stan works effectively for his clients by combining sharp negotiating and marketing skills with a thorough knowledge of the real estate market. Because of his caring and pleasant personality, Stan's clients enjoy the process almost as much as the great results he produces on their behalf. It is because of these qualities that most of Stan's past clients have been happy to recommend him to their friends and relatives when they have required the services of a real estate professional.
We invite you to contact Stan as he'd be pleased to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in the Lower Mainland of British Columbia, do not hesitate to Stan at (604) 306-4911. Date of last site update [ 11/2/18 ]

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