- Schedule (Window, Door, Mirror)A table on the blueprints that list the sizes, quantities and locations of the windows, doors and mirrors. Read More
- Schematic DrawingA rough drawing of a room or building that shows the general size and shape of the space. Read More
- Schematic EstimateThe total estimated cost for a project prior to any construction adjustments being made. Read More
- Scope of WorkThe description of a project that includes in-depth details and describes the work to be completed. Read More
- Scrap OutThe removal of all drywall material and debris after the home is "hung out" (installed) with drywall. Read More
- Scratch CoatThe first coat of plaster, which is scratched to form a bond for a second coat. Read More
- ScreedThe board used to level concrete once it has been poured into a form. Read More
- Screed, ConcreteTo level off concrete to the correct elevation during a concrete pour. Read More
- Screed, PlasterA small strip of wood, usually the thickness of the plaster coat, used as a guide for plastering. Read More
- ScribingCutting and fitting woodwork to an irregular surface. Read More
- Scupper(1) An opening for drainage in a wall, curb or parapet. (2) The drain in a downspout or flat roof, usually connected to the downspout. Read More
- SealerA finishing material, either clear or pigmented, that is usually applied directly over raw wood for the purpose of sealing the wood surface. Read More
- SeasoningDrying and removing moisture from green wood in order to improve its usability. Read More
- Second HomeA residential property, typically at least 50 miles from the primary residence and it cannot appear utilized for rental investment purposes Read More
- Second MortgageA mortgage ranking in priority immediately below a first mortgage. Read More
- Second-Story AdditionAdding a second level to a single-story home by removing the roof. Read More
- Secondary Mortgage MarketMarket in which previously issued mortgages and mortgage-backed securities are traded among lenders and investors. Read More
- Section 8A program allowing private landlords to rent properties at equitable market rates for qualified tenants with a low-income background. The(...) Read More
- Section DrawingsSpecific views of the home within building plans that also feature ceiling heights. Read More
- Secured LoanA loan that is backed by property, etc. Read More
- Secured Overnight Financing RateA benchmark interest rate for dollar-denominated derivatives and loans that is replacing the London Interbank Offered Rate (LIBOR). SOFR is the(...) Read More
- SecurityThe property or assets provided or pledged as collateral for a loan. Read More
- Security DepositA payment collected from the tenant by the landlord to secure funds for covering any property damage. Read More
- Self-Sealing ShinglesShingles containing factory-applied strips or spots of self-sealing adhesive. Read More
- Seller Carry BackOwner-provided financing. The seller acts like the bank, holding the note and collecting payments. Read More
- Seller ConcessionSellers may offer concessions to incentivize buyers to purchase a home or make a deal more lucrative. Concessions are most readily seen as a(...) Read More
- Seller DisclosureA disclosure by the seller of information about the property or which could affect a buyer’s decision to purchase the property, all of which to(...) Read More
- Seller FinancingOwner-provided financing. The seller acts like the bank, holding the note and collecting payments. Read More
- Seller Take-BackAn agreement in which the seller of a property provides financing to the buyer for the home purchase. Read More
- Seller’s AgentA fiduciary for the current property owner looking to sell a property and represents their interests in a real estate sale (not be confused with(...) Read More
- Seller’s MarketThis is a real estate market where the demand from property buyers exceeds the supply of property for sale. Property prices tend to be higher(...) Read More
- Selling AgentA licensed real estate professional and fiduciary for the party seeking to purchase a property (not be confused with a seller's agent, which(...) Read More
- Semigloss PaintA paint or enamel made so that its coating, when dry, has some luster but is not very glossy. Bathrooms and kitchens are normally painted semi-gloss Read More
- Senior Secured DebtA financing arrangement that represents the highest claim on the borrower with the lowest downside risk to the lender, as the debt issuance is(...) Read More
- Septic SystemAn on-site waste water treatment system. It usually has a septic tank which promotes the biological digestion of the waste, and a drain field(...) Read More
- Series LLCThe series LLC refers to the specific offering that is being put up for sale and that owns the property. Each property is purchased and placed(...) Read More
- Service Entrance PanelMain power cabinet where electricity enters a home wiring system. Read More
- Service EquipmentMain control gear at the service entrance, such as circuit breakers, switches, and fuses. Read More
- Service LateralUnderground power supply line. Read More
- Servicemembers Civil Relief ActA federal law that restricts the enforcement of civilian debts against certain military personnel who may not be able to pay because of active(...) Read More
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