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Keller Williams Town Life
25 Washington Street
Tenafly, NJ 07670

Meet Anat Eisenberg

Anat EisenbergAfter hundreds of transactions closed Anat is still passionate about real estate and it shows...

Anat ranked #8 out of 8000+ New Jersey MLS agents with well over $220 million in total sales during the six-year period of 2010-2015. Anat has closed over $415 million in real estate sales over the years.

Anat Eisenberg is the #1 ranked agent in Tenafly for combined sales in 2010-2015 exceeding $145 Million sales.

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Anat Eisenberg - Tenafly Real Estate Agent

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> Real Estate Terms

Real Estate Glossary

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  • Leverage   The use of a small amount of cash–a 5 percent or 10 percent down payment–to buy a piece of property.
  • Liabilities   A borrower’s debts and financial obligations.
  • Liability insurance   A policy that protects owners against any claims of negligence, personal injury or property damage.
  • Lien   A claim laid by one person or company on the property of another as security for money owed.
  • Life cap   A limit on the amount that a loan rate can move during the term of the mortgage. For example, the rate on an adjustable-rate mortgage that begins at 5 percent and has a lifetime cap of 6 percentage points cannot rise above 11 percent, even if rates on fixed-rate mortgages soar to 20 percent.
  • Life-cycle cost analysis   An analysis of a building project’s expected operating, maintenance and replacement costs, calculated by an architect.
  • Limited partnership   Real estate syndicates and other investment groups use this type of ownership.. A general partner makes the group’s investment decisions, oversees the investment and is principally liable for any losses.
  • Lintel   A horizontal piece over a door or window that carries the weight of the structure above it.
  • Liquid assets   Cash and all other assets that can be converted to cash relatively quickly. Liquid assets can include money in savings and checking accounts, money-market accounts, and most certificates of deposit.
  • Liquidated damages   When a real estate deal goes awry, one party often is entitled to liquidated damages, a sum of money set out in the purchase contract in that event.
  • Listing   A piece of property placed on the market by a listing agent.
  • Listing inventories   The known number of houses for sale within a given market.
  • Live-in partnership   An arrangement in which two unrelated people purchase a home.
  • Live-work space   An officially designated dwelling in which the occupant conducts a home-based business or enterprise.
  • Load-bearing wall   A wall that supports not only its own weight, but the weight of other parts of a home. Also called a bearing wall.
  • Loan application   The first step toward submitting a home loan requires the borrower to itemize basic financial information.
  • Loan application fee   A fee charged by lenders to for making a loan application.
  • Loan commitment   A promise by a lender or other financial institution to make or insure a loan for a specified amount and on specific terms.
  • Loan officer   An official representative of a lending institution who is empowered to act on behalf of the lender within certain limits.
  • Loan origination fee   Most lenders charge borrowers an origination fee–or points–for processing a loan. A point is 1 percent of the total loan amount.
  • Loan processing fee   A fee charged by some lenders for gathering information to enable the lender to process the loan.
  • Loan term   The amount of a time set by the lender for a buyer to pay a mortgage. Most conventional loans have 30-year or 15-year terms.
  • Loan -to-value ratio   A technical measure used by lenders to assess the relationship of the loan amount to the value of the property
  • Lock-in   When interest rates are volatile, many borrowers want to “lock in” an interest rate and many lenders will oblige, setting a limit on the amount of time the lock-in is in effect.
  • Loft   A living space not partitioned into rooms or a small space built above a larger room.
  • Log cabin   Homes constructed of rough-hewn timbers and a standard housing form in the early European settlement of the U.S.
  • Low-ball offer   An offer made to a seller that is substantially below market value. The longer a property stays on the market, the more likely there are to be such offers.
  • Low density   A low concentration of housing units in a specific area.
  • Low-documentation loan   A mortgage that requires only minimal verification of income and assets.
  • Low-down-payment loan   A home loan that requires the borrower to make only a small down payment before obtaining the financing needed to purchase a house.
  • Landscape   A home’s surroundings can range from a shrub-studded emerald lawn to a native-plant xeriscape. It is a major component of curb appeal.
  • Landscape architect   A professional who holds a degree in landscape architecture, which involves training in horticulture, landscape design and planning.
  • Landscape designer   A landscape designer has training in horticulture and landscape planning, but does not necessarily hold a degree.
  • Landscape contractor   A professional who carries out the plans of a landscape architect or a landscape designer.
  • Late charge   A fee a lender imposes on a borrower when the borrower does not make a payment on time.
  • Late payment   A payment a lender receives after the due date has passed.
  • Latent defect   An invisible problem in a piece of property such as bad wiring, termite damage or lead paint.
  • Lead   A metallic chemical element present in older dwellings, primarily in the form of lead-based paint and lead plumbing. Exposure to lead has been found to be a health risk.
  • Lease   A binding agreement that contains the terms and conditions of a renter’s occupancy.
  • Leasehold estate   An arrangement in which the borrower does not own a specific piece of property but possesses a long-term lease.
  • Lease option   A lease that contains the right to purchase the property for a specific price within a certain time frame.
  • Lender   A bank, savings institution or mortgage company that offers home loans.
  • Legal blemish   Blemishes on a piece of property, such as a zoning violation or fraudulent title claim.
  • Legal description   A specific way of identifying and locating a piece of real estate that is acceptable to a court.
  • Letter of intent   A formal statement that the buyer intends to purchase the property for a certain price on a certain date.