REAL ESTATE TERMS - O
Offer: indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
Original Principal Balance: the total principal owed on a mortgage prior to any payments being made.
Origination: the process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal. The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
Origination Fee: the charge for originating a loan; is usually calculated in the form of points and paid at closing. One point equals one percent of the loan amount. On a conventional loan, the loan origination fee is the number of points a borrower pays. The fee a lender charges for processing a loan. This includes the cost to prepare loan documents, check a borrower’s credit history, and inspect the property. A fee, charged by a broker or lender, to initiate and complete the home loan application process.
Owner Financing: a home purchase where the seller provides all or part of the financing, acting as a lender.
Ownership: ownership is documented by the deed to a property. The type or form of ownership is important if there is a change in the status of the owners or if the property changes ownership.
Owner’s Policy: the insurance policy that protects the buyer from title defects.
Testimonials
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Karla is a caring, knowledgeable, proactive individual who gets it right all the time. I enjoyed working with her and would recommend her all the time.
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- Mel B
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From the first contact, Karla was the most responsive, professional and courteous agent for our search. A great listener, she immediately understood our needs and provided pro active services that led to a well focused selection of properties and a quick closing. We found a great property and Karla was very helpful throughout every stage of the process, paperwork etc...Her social & professional skills make her a delight to deal with, in stark contrast with many amateur agents that we got to meet before her. Anyone, including her own current employer, is lucky to have her and I would highly recommend her over anybody else, she is a rare gem in this bizarre South Florida real estate world. I have no doubt that one day, she will end up running her own business very successfully.
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- Doug M.
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Karla was very informative and proactive in helping me sell my home. She was able to guide us in getting our home on and off the market in a short time and I was very satisfied with the end result.
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- AJ Jones
Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: September 14, 2026 5:11 AM UTC
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 14, 2026 5:04 AM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
