Real Estate Glossary
A
Acceleration Clause
A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed.
Acceptance
An offeree’s consent to enter into a contract and be bound by the terms of the offer.
Additional Principal Payment
A payment by a borrower of more than the scheduled principal amount due in order to reduce the remaining balance on the loan.
Adjustable Rate Mortgage (ARM)
A mortgage that permits the lender to adjust its interest rate periodically on the basis of changes in a specified index.
Adjusted Basis
The original cost of a property plus the value of any capital expenditures for improvements to the property minus any depreciation taken.
Adjustment Date
The date on which the interest rate changes for an adjustable-rate mortgage (ARM).
Adjustment Period
The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM).
Administrator
A person appointed by a probate court to administer the estate of a person who died intestate.
Affidavits
A formal sworn statement of fact. As part of the closing process, you’re likely to sign numerous affidavits. You may be required, for example, to sign an affidavit of occupancy. It states that you will use the property as a principal residence. Or, you and the seller may have to sign an affidavit stating all of the improvements to the property required in the sales contract were completed before closing.
Your lender can provide additional information regarding any of these documents you will sign.
Affordability Analysis
A detailed analysis of your ability to afford the purchase of a home. An affordability analysis takes into consideration your income, liabilities, and available funds, along with the type of mortgage you plan to use, the area where you want to purchase a home, and the closing costs that you might expect to pay.
Amenity
A feature of real property that enhances its attractiveness and increases the occupant’s or user’s satisfaction although the feature is not essential to the property’s use. Natural amenities include a pleasant or desirable location near water, scenic views of the surrounding area, etc. Human-made amenities include swimming pools, tennis courts, community buildings, and other recreational facilities.
Amortization
The gradual repayment of a mortgage loan by installments.
Amortization Term
The amount of time required to amortize the mortgage loan. The amortization term is expressed as a number of months. For example, for a 30-year fixed-rate mortgage, the amortization term is 360 months.
Amortize
To repay a mortgage with regular payments that cover both principal and interest.
Amotization Schedule
A timetable for payment of a mortgage loan. An amortization schedule shows the amount of each payment applied to interest and principal and shows the remaining balance after each payment is made.
Annual Mortgagor Statement
A report sent to the mortgagor each year. The report shows how much was paid in taxes and interest during the year, as well as the remaining mortgage loan balance at the end of the year.
Annual Percentage Rate (APR)
The cost of a mortgage stated as a yearly rate; includes such items as interest, mortgage insurance, and loan origination fee (points).
Annuity
An amount paid yearly or at other regular intervals, often on a guaranteed dollar basis.
Application
A form used to apply for a mortgage loan and to record pertinent information concerning a prospective mortgagor and the proposed security.
*See also “Loan Application” entry.
Appraisal
A written analysis of the estimated value of a property prepared by a qualified appraiser. Contrast with home inspection.
Appraised Value
An opinion of a property’s fair market value, based on an appraiser’s knowledge, experience, and analysis of the property.
Appraiser
A person qualified by education, training, and experience to estimate the value of real property and personal property.
Appreciation
An increase in the value of a property due to changes in market conditions or other causes. The opposite of depreciation.
Assessed Value
The valuation placed on property by a public tax assessor for purposes of taxation.
Assessment
The process of placing a value on property for the strict purpose of taxation. May also refer to a levy against property for a special purpose, such as a sewer assessment.
Assessment Rolls
The public record of taxable property.
Assessor
A public official who establishes the value of a property for taxation purposes.
Asset
Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others (including bank accounts, stocks, mutual funds, and so on).
Assignment
The transfer of a mortgage from one person to another.
Assumable Mortgage
A mortgage that can be taken over (“assumed”) by the buyer when a home is sold.
A provision in an assumable mortgage allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon the sale or transfer of the property.
Assumption
The transfer of the seller’s existing mortgage to the buyer.
*See also “Assumable Mortgage” entry.
Assumption Clause
A provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.
Assumption Fee
The fee paid to a lender (usually by the purchaser of real property) resulting from the assumption of an existing mortgage.
Attorney-In-Fact
One who holds a power of attorney from another to execute documents on behalf of the grantor of the power.
Automated Underwriting
After you complete your loan application with a lender, it is sent to “underwriting” for review. In short, underwriting is the process used to analyze how you have managed credit obligations in the past, whether you have the ability to repay the mortgage loan you are applying for (i.e., your income and assets), and whether the price you are willing to pay for the home is supported by the price of the property.
B
Balance Sheet
A financial statement that shows assets, liabilities, and net worth as of a specific date.
Balloon Mortgage
A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.
Balloon Payment
The final lump sum payment that is made at the maturity date of a balloon mortgage.
Bankrupt
A person, firm, or corporation that, through a court proceeding, is relieved from the payment of all debts after the surrender of all assets to a court-appointed trustee.
Bankruptcy
A proceeding in a federal court in which a debtor who owes more than his or her assets can relieve the debts by transferring his or her assets to a trustee.
Before-Tax Income
Income before taxes are deducted.
Beneficiary
The person designated to receive the income from a trust, estate, or a deed of trust.
Bequeath
To transfer personal property through a will.
Betterment
An improvement that increases property value as distinguished from repairs or replacements that simply maintain value.
Bill of Sale
A written document that transfers title to personal property.
Binder
A preliminary agreement, secured by the payment of an earnest money deposit, under which a buyer offers to purchase real estate.
Biweekly Mortgages
Your lender will probably tell you that a biweekly mortgage is structured just like a traditional fixed-rate, level-payment, fully amortizing mortgage. However, you make your payments every 14 days instead of once a month. The monthly payment is split in half, resulting in the same total monthly mortgage, but the resulting 26 and sometimes 27 biweekly payments a year translate into 13 monthly payments, or one extra monthly payment per year.
Borrowers can qualify for a 30-year monthly payment amount, but get a loan that pays off in approximately 22 years at current interest rates. At higher rates, the actual term declines.
If you are looking to build up equity in your home faster without the higher mortgage payments that come with a shorter-term mortgage, you may want to consider the biweekly mortgage. Payments can be deducted from your bank account and scheduled to coincide with your payroll deposits to simplify budgeting. Lenders may charge an initial set-up fee to automatically debit your checking account.
Blanket Insurance Policy
A single policy that covers more than one piece of property (or more than one person).
Blanket Mortgage
The mortgage that is secured by a cooperative project, as opposed to the share loans on individual units within the project.
Bona Fide
In good faith, without fraud.
Bond
An interest-bearing certificate of debt with a maturity date. An obligation of a government or business corporation. A real estate bond is a written obligation usually secured by a mortgage or a deed of trust.
Breach
A violation of any legal obligation.
Bridge Loan
A form of second trust that is collateralized by the borrower’s present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as “swing loan.”
Broker
A person who, for a commission or a fee, brings parties together and assists in negotiating contracts between them.
Budget
A detailed plan of income and expenses expected over a certain period of time. A budget can provide guidelines for managing future investments and expenses.
Budget Category
A category of income or expense data that you can use in a budget. You can also define your own budget categories and add them to some or all of the budgets you create. “Rent” is an example of an expense category. “Salary” is a typical income category.
Building Code
Local regulations that control design, construction, and materials used in construction. Building codes are based on safety and health standards.
Buydown Account
An account in which funds are held so that they can be applied as part of the monthly mortgage payment as each payment comes due during the period that an interest rate buydown plan is in effect.
Buydown Mortgage
A temporary buydown is a mortgage on which an initial lump sum payment is made by any party to reduce a borrower’s monthly payments during the first few years of a mortgage. A permanent buydown reduces the interest rate over the entire life of a mortgage.
C
Call Option
A provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable at the end of a specified period for whatever reason.
Cap
A provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease.
*See also “lifetime payment cap”, “lifetime rate cap”, “periodic payment cap”, and “periodic rate cap”.
Capacity
Lenders will want to know if you can repay the mortgage debt you incur -- this is known as your capacity. Lenders will base their evaluation on employment information, how long you’ve worked, and how much you are paid. Lenders will also review your expenses and any other debt obligations you have. This means they’ll want to know how many dependents you have and whether you pay any alimony or child support, for example.
Capital
- Money used to create income, either as an investment in a business or an income property.
- The money or property comprising the wealth owned or used by a person or business enterprise.
- The accumulated wealth of a person or business.
- The net worth of a business represented by the amount by which its assets exceed liabilities.
Capital Expenditure
The cost of an improvement made to extend the useful life of a property or to add to its value.
Capital Improvement
Any structure or component erected as a permanent improvement to real property that adds to its value and useful life.
Cash-Out Refinance
A refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points, and the amount required to satisfy any outstanding subordinate mortgage liens. In other words, a refinance transaction in which the borrower receives additional cash that can be used for any purpose.
CD-Indexed (Certificate of Deposit) ARMs
The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs.
The initial interest rate and payments adjust every six months after an initial six-month period.
ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.
Certificate of Deposit
A document written by a bank or other financial institution that is evidence of a deposit, with the issuer’s promise to return the deposit plus earnings at a specified interest rate within a specified time period.
*See also “Adjustable-Rate Mortgage” entry.
Certificate of Deposit Index
An index that is used to determine interest rate changes for certain ARM plans. It represents the weekly average of secondary market interest rates on six-month negotiable certificates of deposit.
*See also “Adjustable-Rate Mortgage” entry.
Certificate of Eligibility
A document issued by the federal government certifying a veteran’s eligibility for a Department of Veterans Affairs (VA) mortgage.
Certificate of Reasonable Value (CRV)
A document issued by the Department of Veterans Affairs (VA) that establishes the maximum value and loan amount for a VA mortgage.
Certificate of Title
A statement provided by an abstract company, title company, or attorney stating that the title to real estate is legally held by the current owner.
Chain of Title
The history of all of the documents that transfer title to a parcel of real property, starting with the earliest existing document and ending with the most recent.
Change Frequency
The frequency (in months) of payment and/or interest rate changes in an adjustable-rate mortgage (ARM).
Change Orders
After construction begins, you may discover that you need to make unplanned and necessary changes to the work. The contingency reserve covers unforeseen repairs or deficiencies found during renovation. Unnecessary additions or changes are treated differently.
These change orders are considered discretionary and must first be approved by your lender. You must deposit additional funds to pay for the work in the escrow account before work on the changes begins. These change orders - as well as any that result from unforeseen repairs - must be added as amendments to your construction contract.
Chattel
Another name for personal property.
Clear Title
A title that is free of liens or legal questions as to ownership of the property.
Closing
A meeting at which a sale of a property is finalized by the buyer signing the mortgage documents and paying closing costs. Also called “settlement”.
*See also “Settlement” entry.
Closing Agent
As a potential home buyer, you will need a closing (or “settlement”) agent to coordinate the various closing activities. These can include but are not limited to preparing and recording the closing documents and disbursing funds.
The types of services provided by a closing agent depend on the person you hire, but typically the closing is conducted by title companies, escrow companies or attorneys. It is usually held at the lender’s or real estate sales professional’s office.
Closing Cost Item
A fee or amount that a home buyer must pay at closing for a single service, tax, or product. Closing costs are made up of individual closing cost items such as origination fees and attorney’s fees. Many closing cost items are included as numbered items on the HUD-1 statement.
Closing Costs
Expenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property. Closing costs normally include an origination fee, an attorney’s fee, taxes, an amount placed in escrow, and charges for obtaining title insurance and a survey. Closing costs percentage will vary according to the area of the country; lenders or REALTORS® often provide estimates of closing costs to prospective homebuyers.
Closing Date
After your lender has approved your mortgage and you accept the commitment letter, the next step is to set a closing date. Many times, your real estate sales professional coordinates the setting of this date with you, the seller, the closing agent, and your lender.
Remember, you need to ensure that the closing occurs before your lender’s commitment letter - and the rate lock-in, if there is one - expire. You can now finalize your moving plans.
Cloud on Title
Any conditions revealed by a title search that adversely affect the title to real estate. Usually clouds on title cannot be removed except by a quitclaim deed, release, or court action.
Co-Maker
A person who signs a promissory note along with the borrower. A co-maker’s signature guarantees that the loan will be repaid, because the borrower and the co-maker are equally responsible for the repayment.
Coinsurance
A sharing of insurance risk between the insurer and the insured. Coinsurance depends on the relationship between the amount of the policy and a specified percentage of the actual value of the property insured at the time of the loss.
Coinsurance Clause
A provision in a hazard insurance policy that states the amount of coverage that must be maintained - as a percentage of the total value of the property - for the insured to collect the full amount of a loss.
Collateral
An asset (such as a car or a home) that guarantees the repayment of a loan. The borrower risks losing the asset if the loan is not repaid according to the terms of the loan contract.
Collection
The efforts used to bring a delinquent mortgage current and to file the necessary notices to proceed with foreclosure when necessary.
Commercial Banks
Commercial banks, like thrifts, originate and service mortgage loans. In some cases, commercial banks may have mortgage banking subsidiaries that perform this function. Banks may choose to hold a loan in their own portfolio or sell the loan to an investor.
Commission
The fee charged by a broker or agent for negotiating a real estate or loan transaction. A commission is generally a percentage of the price of the property or loan.
Commitment Letter
A formal offer by a lender stating the terms under which it agrees to lend money to a homebuyer. Also known as a “loan commitment”.
Common Area Assessments
Levies against individual unit owners in a condominium or planned unit development (PUD) project for additional capital to defray homeowners’ association costs and expenses and to repair, replace, maintain, improve, or operate the common areas of the project.
Common Areas
Those portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project’s homeowners’ association (or a cooperative project’s cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance. Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common corridors of buildings, parking areas, means of ingress and egress, etc.
Common Law
An unwritten body of law based on general custom in England and used to an extent in the United States.
Community Land Trust Mortgage Option
An alternative financing option that enables low- and moderate-income home buyers to purchase housing that has been improved by a nonprofit Community Land Trust and to lease the land on which the property stands.
Community Property
In some western and southwestern states, a form of ownership under which property acquired during a marriage is presumed to be owned jointly unless acquired as separate property of either spouse.
Community Seconds
An alternative financing option for low- and moderate-income households under which an investor purchases a first mortgage that has a subsidized second mortgage behind it. The second mortgage may be issued by a state, county, or local housing agency, foundation, or nonprofit organization. Payment on the second mortgage is often deferred and carries a very low interest rate (or no interest rate at all). Part of the debt may be forgiven incrementally for each year the buyer remains in the home.
Comparables
An abbreviation for “comparable properties”; used for comparative purposes in the appraisal process. Comparables are properties like the property under consideration; they have reasonably the same size, location, and amenities and have recently been sold. Comparables help the appraiser determine the approximate fair market value of the subject property.
Compound Interest
Interest paid on the original principal balance and on the accrued and unpaid interest.
Condemnation
The determination that a building is not fit for use or is dangerous and must be destroyed; the taking of private property for a public purpose through an exercise of the right of eminent domain.
Condition of the Home
Potential homeowners should know of major problems in a home before they make an offer. As a potential buyer, you should carefully examine all elements of the home. Ask questions to the seller and the real estate sales professional about any concerns you may have. Both the seller and the real estate agent can be held liable if they do not disclose any defects they know about in the home.
Condominium
Testimonials
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How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELLrequired
First of all, we want to thank James Cotrell. James is a kind and very patient agent. He works so hard to keep his clients happy. I tell you there was a time when I was so stressed and had lots of anxiety that day! And somehow James texted to see how we were doing. I told him I was worried and tired too!! And his words I will never forget was "when you persevere, you'll always be happy with the outcome". I'm so glad he told me those words that day because I pushed even harder to have the house clean and ready for show. And indeed, it did have a great ending. If you want to sell your home or find your new home James is the person you want. He is the best and knows his profession. We been in our new home for a couple of weeks now. We are very happy. He helped us in this journey. You can totally trust he will be there till the end. We will miss him. He told us he is only a text away if we ever need anything in the Future. exp Realty Realtors you can trust.
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- Evelyn Gonzales
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11/19/2018
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL required
If anyone is looking to buy or sell their home, I would highly recommend James for that job. He is very knowledgeable, very honest and trustworthy. I am extremely satisfied with his services.
"
- Kalyana Sreeram recommends James Cottrell
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Oct 15, 2016
My raw land took 1.5 years to sell but James persisted and it was sold with a short escrow period. The sale was handled very professionally and I was very pleased with the job James did for me.
I recommend him highly
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- Craig Dixon recommends James Cottrell
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Account Manager
May 24, 2016
I work with many Realtors and I can say that James is among the best! He's always looking for ways to better serve his clients.
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- Patti MacGregor recommends James Cottrell
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Real Estate Professional
Mar 2, 2016
I have had the pleasure of working James Cottrell for about 5 years now. As a real estate professional, I can confidently say that James is one of the best in our industry at marketing properties and at navigating the buying and selling processes for his clients. There are many types of personalities in our business, James is one of the most authentic and likable people you could ever meet. He just really cares about doing an amazing job for his clients!
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- Joseph Limo recommends James Cottrell
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Oct 15, 2016
One of the best in business. Mr. Cottrell goes out of his way for customers, and services. Very patient and knowledgeable. I will refer anyone that needs an Agent in that area.
Thanks to Mr. Cottrell for his cooperation and patience in processing our property.
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- Nez Shahid recommends James Cottrell
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Client Feedback on James Cottrell
How fast did your agent respond to your questions: 5 out of 5
How well did your agent use technology: 5 out of 5
How helpful was the support staff: 5 out of 5
How good was the auxiliary services we recommended: 5 out of 5
How did the closing go: 5 out of 5
How close did we meet your expectations: 5 out of 5
How likely are you to recommend us: 5 out of 5
Services used: Both
How did you find us: Other
Your most memorable moment
Everything... he is great at his job!
The moment you'd rather forget?
Nothing he is easy to deal with!
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- Kunversion Client Feedback
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Dec 18, 2016
I can not say enough positive things about James Cottrell. He was our relator in 2008 when we bought our home in Beaumont, CA. He was our relator when we sold that same home in November of 2016.
James is very knowledgeable and will communicate with you every step of the way. This was extremely important since we have lived in Washington for the past four years. James took care of everything and we did not need to even fly down at all. He communicated with our property management company and arranged for painters and cleaners.
A neighbor called me about a leaky sprinkler and James immediately took action, went over to the property and shut the water off. A profession took care of the problem the following Monday.
The trait that sets James apart from others is that he empowers his clients. He respects your choices and the fact that buying or selling your home is a major life event.
In a world where so much is about business and profit, James is a Lighthouse beaming light back onto true customer service and in being client centered.
We are buying in Washington and wished he was licenced out here too, so we could use him again.
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- Chris Allen recommends James Cottrell
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How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL...
Being first time buyers James was very patient and answered all our real estate questions.
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- Noemi Flamenco
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Seller - Riverside, CA
Mar 29, 2016
James provided excellent customer service. He is knowlegeable, professional, timely and friendly. James is patient and available to answer questions at any hour. We will refer him to our friends and family. Thanks again James for selling our home!
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- D. and B. Smith recommends James Cottrell
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Broker
Mar 30, 2016
James provides the utmost professional service. He is efficient in everything he does. In todays market you have to be cutting edge in technology and he is a supreme guru. It's always to a pleasure to work with him knowing that I will receive outstanding, honest, and ethical service. He rocks!
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- Jerry Stapp recommends James Cottrell
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How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL|
James made buying our house a great experience he was reliable and professional and would highly recommend him to any one looking to purchase a house.
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- Evan Lee recommends James Cottrell
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Submitted:6/5/2019 10:35 AM
Mario Cruz
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL required
James did a amazing job once again for us. He got us into our first home, and within 4 1/2 years he sold that house and was able to get us into our new home all within 2 months. He was always there when we had questions and always had answers for us. James will always be our go to realtor. Thanks James
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- Mario Cruz Recommends James Cottrell
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How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
To say that working with James was a pleasure would be a huge understatement. He went above and beyond
in his work of completing the sale of my property. He definitely loves what he does as is evidenced by the fact that he puts his heart and soul into handling every detail with the utmost of care and professionalism.
James was always available when I had a question or needed his help. He called me on a very regular basis to
keep me informed and updated on each interested party that he took to see the property.
James worked very hard to complete the sale and I am very happy with the results. Thanks Again James....
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- Donna Lufkin Recommends James Cottrell
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Oct 25, 2016
Mr. James Cottrell was very efficient with our real estate transaction. We had a party that was difficult to please during the sale of our property. Mr. Cottrell was very kind, attentive, and very patient with this individual, thus ending in the sale of our property.
Thank you,
Cynthia Carter
"
- Cynthia Carter recommends James Cottrell
"
We are very happy with James as our Realtor Agent! He is nice, dependable, and most of all, he is professional in what he does as an agent. James sold our property in Riverside in a very short time. I will strongly recommend James to my friends, and family, and definitely with our future real estate needs.
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- Marilou Demontano
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4/27/2019
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL required
Our family was referred to James by our realtor out of state...helping us find a new home. James responded quickly and came over to meet with us regarding listing our home. He had a great presentation and many innovative ideas for selling our home. He was very kind and personable so we signed with him right away. Within a couple of days he scheduled photographs and videography...and got us exposure. Within a day of listing we had tons of showings...within a week we had multiple great offers. James is knowledgeable and a go getter!! He knows how to sell houses!! Don’t waste precious time with a realtor who will not get things done!!! Go with James!!
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- Lisa Cruz Recommends James Cottrell
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How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
James kept us informed of the progress of our sale. He was very frank and clear. He sent us video explanations (via email, since we don't live near the property that was for sale) of the status of offers and counter-offers that were short, to the point, and very clear and informative. I would recommend James without hesitation.
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- ROBERT REISS
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Buyer - Riverside, CA
Mar 29, 2016
What I was looking for in a Realitor during this Very Important process / decision was someone who would LISTEN, be patient, responsive, know the market / give my family excelent direction, execute what was critical and NOT give lip service. This is exactly what my wife and I experienced with James Cottrell. The process for my wife and I to find our "forever" home took 5 months. There was plenty on the market, but just not perfect for what we were looking for. James guided every step, and actually encouraged us to WAIT?? He wanted us to find our dream home as bad as we did. This is NO Cliche, James guided every step of escrow and made sure our best interest was ALWAYS executed. If your seriously looking for a teammate through this process and want your genuine best interest ALWAYS considered, then you need James Cottrell. Absolutely great experience with James during a process that was so critical for my family.
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- Kelsi Hubbard recommends James Cottrell
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2/6/2020
GERRARD SEMIEN
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
James was very helpful during our home purchase and escrow period. He answered any questions that we had and went out of his way to help us with rates and talks with the lender and builders. It was our first home purchase and he helped guide us through the process!
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- Gerrard Semien recommends James Cottrell
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I recently closed an escrow with James Cottrell. I was completely impressed by his level of knowledge, professionalism and attention to detail throughout the transaction. I really appreciated that James was easy to communicate with and that I he was always available when we needed to talk. He had an excellent working relationship with his buyer and his lender, which makes a huge difference in making an escrow go smoothly from opening to closing. A big thank you!!!! It was a pleasure working with you!
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- Kathryn Evans
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James rocks! He is a world of information and a true source to turn to with all things Real Estate.
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- Sophia Mike
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Director/GM
Sep 6, 2016
Going through the process of purchasing a property is not something anyone looks forward to. Especially if you live out of town. James did an great job of making this experience go very smoothly. I would use James services again and would recommend James to anyone looking to purchase a home. THANK YOU!!!
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- Jose Villalobos recommends James Cottrell
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Buyer - Moreno Valley, CA
Mar 29, 2016
I looked for a house over a year, try many different " agents " without any positive results, I was very frustrated and ready to QUIT!! when my friend Steve Day, who bought a house a year ago, told me how James Cottrell help him to buy his house and how Happy he was with his Professionalism and results, that I decide to give my self another chance. Thank God I did!!! called James C. WOW!! I was very impress with his response and manner of guide me to find the right house, I couldn't do better than that phone call! now I have the house of my dreams!!! very satisfied with James professionalism, he got me into my house in 33 days!!
Am very thankful with Steve Day for recommend me James Cottrell. I want to do the something for you! Seriously do your self a favor and call him, you will no be disappointed! I GUARRANTY IT!!!
My name is Martha Magana, I bought a house in Moreno Valley on May 10, 2013 .
Thank You James!! will never thank you enough!!
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- Martha Magana recommends James Cottrell
"
James is a professional! Not only does he have a great insight about the market but he also wants to ensure he understands your needs and situation and will do his best to meet. If your a buyer in these crazy times, James is the one to help you navigate these real estate waters. Highly recommend him.
"
- Juan Z
"
Submitted:6/7/2019 3:08 PM
Daphne Fairbairn
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL|
James is everything you could hope for as a seller's agent and more. He is extremely personable, knowledgeable, competent, and efficient. He always responded to our texts and emails immediately and he always had the answers and advice we were seeking. He kept in touch regularly as we were preparing to put our house on the market and provided excellent advice on all aspects of the process. Unlike other realtors we have dealt with in past sales, James provided a stager as part of his services, and her services were a real plus in selling our house quickly (we received 6 offers in three days). He helped us evaluate the offers, adeptly negotiated the sale, and very efficiently guided us through the escrow process and final closing. Through everything, James was relaxed and friendly, truly a pleasure to work with. We recommend him very highly and with absolutely no reservations.
"
- Daphne Fairbairn recommends James Cottrell
"
Professional, kind and caring are all words that describe James! James walked us through every step as we sold our house. He kept us updated through the process. We would highly recommend James!
"
- Ashley Campbell
"
Transaction Coordinator
May 19, 2016
James Cottrell is someone I can honestly say is one of my favorite agents. He is always so organized and courteous. I can count on him to always be available for questions and requests. If you are looking to work with a Realtor, you most definitely want to schedule an interview with James. He is FANTASTIC!
"
- Joye Ambrose recommends James Cottrell
"
Program Manager
Sep 5, 2016
am writing to express my pleasure with real estate agent James Cottrell, who represented me in my recent purchase of a single-family home.
James guided me through the entire process, from loan prequalification to searching for houses to making the offer and closing the deal. I credit James and his team with a smooth, stress-free home-buying experience.
This was my first purchase of a property, and I am beyond grateful that James was able to make a typically stressful experience such a pleasurable one. James listened to what I wanted in a home and took time to thoroughly research properties to be sure I was viewing homes that matched my criteria, so as to not waste my time. James is savvy, personable and knows the market inside and out. I never could have gotten my dream home without him.
To reiterate, I am nothing but pleased with James Cottrell and his expertise and I recommend him to anyone looking to purchase a home.
"
- Kendra Cook recommends James Cottrell
"
Seller - Riverside, CA
Mar 29, 2016
James was very polite and professional. When we decide to sell our house (which we will), and buy again, we will call James to help us in the process.
"
- Veronica Waugh recommends James Cottrell
"
Homesellers
May 18, 2016
James Cottrell has done a great job assisting us in selling our home. He is always available, a great communicator and exudes enthusisam and a positive spirit. We appreciate his willingness to field all of our questions and keep us informed of the next steps in the process. We highly recommend him to everyone ready to sell or purchase a home
"
- Tom & Karol Whaley recommends James Cottrell
"
May 16, 2016
Mr. James Cottrell did a fabulous job representing me as a buyer with my new acquisition. At all times Mr. Cottrell kept me abreast with all documents and communications. Over the years I have done business with many real estate professionals. I found Mr.Cottrell to stand above them all!
He is extremely knowledgeable with all facets of real estate. I would without a doubt ask Mr. Cottrell to represent me in any real estate transaction.
"
- Wanda Mendoza recommends James Cottrell
"
Jun 2, 2016
James was outstanding in all aspects of the selling process. His advice was always on point and very helpful. He facilitated a very smooth and positive experience that allowed us to reach our goal. Wish we would have known him when we were buyers! We highly recommend him to all prospective buyers and sellers.
"
- Tom & Karol Whaley recommends James Cottrell
"
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
I found myself involved in a confusing quagmire of litigation when trying to sell the property my mother left to me upon her death. I had no clue what I was doing when by chance I came into contact with James Cottrell. An absolute Godsend. He guided me through a complex battle lasting over a year and a half. He never once complained about the many problems which arose & continually encouraged me to stay positive & not to give up. He was steady & persistent throughout the process & went far above & beyond what was required of an agent. I adore & appreciate James for oh so many reasons & will always choose him for my real estate needs & will definitely refer him to all my friends & family. Thanks James for all your amazing assistance. You have made an impossible situation bearable & I am eternally grateful.
"
- Niraj Katz Recommends James Cottrell
"
Feb,5 2020
Ebony Semien
Another 5 Star review!
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
James was amazing throughout our entire home buying process, always patient, kind and understanding. No matter the time of day or night, James always responded quickly to answer our questions or break down the process to put us at ease. Great realtor!!
"
- Ebony Semien recommends James Cottrell
"
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
James is on it! He is knowledgeable, responsive, and a good negotiator. I would highly recommend his services.
"
- Melissa Lee recommends James Cottrell
"
Nov 23, 2016
I give James ☆☆☆☆☆! He sold us our home in 2009 and did such a great job from start to finish that he was the obvious choice for us when it came time to sell. This was a very emotional time for my husband and I. Not just because we were selling our home, but also because we feared that we were going to need to evict the tenant living there. Throughout the various phases of this process James was always there to answer any questions we had. Since my husband and i live out of state, James went above and beyond making many trips out to the property to do a myriad of tasks including finding painters, plumbers and handymen to prep the house for photos and sale. He was always there to help us through each step of the sale, from market research to inspections and paperwork. If you want someone that works hard, is super friendly, extremely knowledgeable, always offers several options and is insightful into the many different possible outcomes, James is definitely your man. I couldn't be more pleased. ☆☆☆☆☆
"
- Jason Helton recommends James Cottrell
"
I’m very happy to give Mr. James Cottrell the best review I can. Due to ‘special & stressful circumstances’ I have doubts that even 1 in 100 realtors would have ‘stuck-it-out’ with me.
This sale was difficult. Yet from the beginning contract to the finishing signatures, more than a year later, James was always happy to explain anything I needed help with; everything was explained and transparent.
This property was in a Trust and nearly in foreclosure - (renters not paying rent)
James was so very knowledgeable and patient with the many ‘issues’ or seeming roadblocks preventing the sale. The eviction process for 5 individual bedrooms- renters refusing to show those bedrooms- renters diligently showing prospective buyers where there was perceived damage (notes taped to walls) or any possible action to prevent a sale (stealing the ‘For Sale’ sign etc) With renters finally evicted, a family member moved in with 4 other people and changed the locks. Longer story shorter :-) and due to James’ good counsel, we were finally able to have a successful ‘Open House’.
James is a true professional, an expert Realtor-Broker, he knows how to price your house- (not too high, not too low).
He was great at working with a Trust … possible foreclosure … eviction options … and I’m certain much more … and even emotional support (I had MANY questions) He has a kind heart & he never ‘loses-his-cool’ :-)
When I was signing paperwork with the Escrow specialist, after I said how much I respected James, he said: “All realtors are NOT created equal, when James says he’ll DO something, he DOES it and usually earlier than expected; he’s a professional, he follows through.”
Yes, he ‘follows through’ … he’s honest, has integrity … he’s a very knowledgeable & stellar Realtor/Broker. I will recommend James Cottrell for anyone needing help with selling their house- land- even a commercial property.
So many thanks & my very best to James.
Robin R.
"
- Robin R.
"
Nov 10, 2016
Perfection in raising his daughters,cooking great meals or selling your home or property, James Cottrell strives to be the very best.
James has a great attitude and is very professional.
James Cottrell has a great amount of experience and education.
James is very efficient and always keeps the lines of communication open.
"
- Linda&Harold Stein recommends James Cottrell
"
Investor
Apr 27, 2016
I highly recommend James Cottrel in any real estate transaction , He is very thorough in all aspects of the deal as well Professional . He was always available for Any questions or concerns and explained them in detail .
I will be definitely be choosing him for future transactions . He also very personal felt like I had known him years A+++++++++
"
- Donald Spence recommends James Cottrell
"
Jul 29, 2016
I feel the most important part of any real estate transaction is Communication. That communication needs to happen between Loan officer and Realtor as well as Realtor to client. I can honestly say that while closing this transaction with James all parties were on the "same page".
James is always thinking of a plan B, just in case. This is how he protects his clients and makes sure the little things get handled.
For us at Untied Mortgage its great to work with an agent that we consider a true professional.
"
- Steve Rohn recommends James Cottrell
"
1/4/2019
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
4
Describe in detail your experience with JAMES COTTRELL required
Very good
"
- Patricia Kornegay recommends JAMES COTTRELL
"
Oct 20, 2016
Mr Cottrell, did a excellent job selling my family's property quickly . He always kept the lines of communication open. I highly recommend him .
"
- Crystal Harris recommends James Cottrell
"
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
Resourceful and helpful
"
- Mark Suarez Recommends James Cottrell
"
Teacher
Apr 18, 2016
James represented my husband and me on our real estate sale and he was wonderful! I don't know much about these transactions, but James kept us informed and put up with all of my questions. I really appreciated his high level of communication and responsiveness! Agents are a dime a dozen, but great professional agents you can trust, in my experience, are few and far between. Give James a call!
"
- Dina Schoulten recommends James Cottrell
"
:7/31/2018
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL required
James did an outstanding job in helping us find our new home. Whatever was asked of him and wherever we wanted to look at houses no matter the distance he was up for the job. James kept us informed through out the buying process and made buying a new house a breeze. I will refer James to my family and friends whenever they need a realtor for either buying or selling a home.
"
- michael vincent recommends JAMES COTTRELL
"
Area Director
Apr 18, 2016
James represented me on a rather difficult real estate sale. He stuck with the listing, utilized various marketing strategies and resources throughout the process. James communicated with us regularly and was very responsive and patient with our questions and suggestions. I appreciated his professionalism and would not hesitate to use him in the future or to recommend him to family and friends.
Thanks for your great work James!
"
- Perry Schoulten recommends James Cottrell
"
Jacquelynn Lee 6/26/19
How likely are you to recommend JAMES COTTRELL
5
Local knowledge
5
Process expertise
5
Responsiveness
5
Negotiation skills
5
Describe in detail your experience with JAMES COTTRELL
Being a single woman, I was very apprehensive about selling my house. James, however, made the whole process very easy and I was comfortable with his advice and help. Any questions I had he was prepared to answer in terms that I could understand. He was very patient with my sometimes silly questions, but I always was made to feel, by James, that taking care of my questions and my house for sale was his utmost importance. I never felt intimidate or fearful about the proceedings and, in fact, was amazed that James was so efficient and organized. He always went out of the way for me and I really appreciated it!I almost wish I had another house to sell so I could take advantage of James' experience again! I will most certainly recommend James to any friends or family that are thinking about selling a house.
"
- Jacquelynn Lee recommends James Cottrell
"
What can I say but, FANTASTIC. Buying a new home. A bit of anxiety with such a large purchase but one thing that helped my through the process was having James in my corner. He was with me every step or the way and I literally could not have done it without him. Any questions I had, he was quick to get me the answers I needed to make all the decisions that were required to get the process completed. I will certainly be calling James if I decide to upgrade in the future. He is simply the best in my opinion. Thank you, James. A+A+A+A+A+A+ Aaron Harrison
"
- Bo Harrison
Based on information from California Regional Multiple Listing Service, Inc. as of September 24, 2026 5:14 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
