Real Estate Dictionary

Beyond Theory and Experience: The Psychology Behind Successful Real Estate Sales. Discover the four essential principles shared by PropertyScout today. Implementing these principles is your key to making selling real estate a breeze! Loss Aversion Loss Aversion: The First Psychological Principle to Consider. Many people fear missing out on the…

Have you ever found yourself in a dilemma when it comes to purchasing a high-ticket item or property? The decision between paying in cash or opting for installment payments can be a tough one to make. On one hand, paying in cash may give you a sense of financial security…

Welcome to the world of mixed-use developments! These innovative and exciting projects are transforming urban landscapes around the world, offering a unique combination of residential living, commercial space, and community amenities. From shopping centers to residential towers, these developments are designed to create vibrant, walkable communities that meet the diverse…

Building a house is an exciting endeavor, but it’s also a complex and costly one. As a homeowner, you want to ensure that you get the most value for your money, and that requires careful planning and budgeting. One of the most important tools in this process is the BOQ.…

Your land title is an important legal document that proves your ownership of a property. However, accidents can happen and it may get lost or damaged. You might forget it somewhere, it could get damaged from water or fire, or it could possibly get stolen. If this happens to you,…

MOR (Minimum Overdraft Rate) paid by commercial banks from major customers with a good financial history and overdrafts account.Therefore, banks need to increase their lending considerations. The MOR is classified as a floating rate refers to an interest rate that varies according to the cost of the financial institution, which…

The MLR (Minimum Loan Rate) charged by commercial banks come from first-class customers, such as those with a good financial history. There are enough guarantees. Most of them concern long-term fixed-term loans, such as corporate loans. The MRL is classified as a floating rate, which means that the interest rate…

The MRR (Minimum Retail Rate) is a floating interest rate charged by commercial banks to premium retail customers, such as a personal loan or home loan, it is often used for personal loans and fixed rate home loans. This is an interest rate that is rising every month. In addition,…