Colorado Springs Vintage Homes Blog

Real Estate Dictionary – “F” is for Flag Lot

Knowledge is Power, Real Estate Dictionary

I’m really interested in selling my house, but I don’t want to sell my oak hand-carved shelves affixed to the wall in the dining room and hallway as they were a gifts from my grandparents. In most states, including in Colorado, the chandlers would be considered Fixtures and would be included with the sale of your house. Make sure your Realtor exclude these items in your listing agreement; or you could take them down.

What is the FHA? Federal Housing Administration (FHA) is an agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is insuring of residential mortgage loans made by private lenders.

I was looking at a property description in the MLS, and it said the house was on a Flag Lot, what Read the rest of this entry »

Tags: Colorado Springs Real Estate, Colorado Springs Realtor, fixed rate mortgage, flag lot, Flood Insurance, Real Estate Dictionary