The main support running between foundation walls to carry the weight of a floor. …
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M
Main Girder
Main Water Shut-Off Valve
The primary valve that halts the flow of water from the water meter into the home. …
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Maintenance Fee
The monthly assessment paid by homeowners' association members for the repair and maintenance of common areas. …
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Managed-Competition Lots
Lots in which buyers choose between one of several builders. …
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Mansard Roof
A roof with four sides that slope upward from the roof edge to a square peak. …
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Mantel
The facing of stone, marble, or other material around a fireplace. …
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Manufactured Housing
Prefabricated homes that can range from simple trailers to large dwellings. …
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Margin
A percentage added to the index and fixed for the life of the loan. When the initial interest rate on an adjustable-rate loan has expired, the interest rate moves toward the sum of its index plus a margin. …
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Market Conditions
Factors affecting the sale and purchase of homes at a particular point in time. …
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Market Value
The price that a piece of property sells for at a particular point in time.
The value of a property based on what the market will bear. Determined by a comparison of the subject property to others in a similar area that have sold recently. …
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