Richesson Realty - Where to start when buying or selling a home in Lawrence.

"My mission is simple.
With nearly 20 years of
experience, I am prepared
to walk you through the complex
world of real estate."
Read Mary's Mission Statement

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J

Joint Tenancy

Ownership by two or more people that gives equal shares of a piece of property. Rights pass to the surviving owner or owners.

Jumbo Loan

Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit for a single family unit in the continental United States is $252,700. For Alaska, Hawaii, and the Virgin Islands, it's $360,000.

Kick-Out Clause

A clause in a sales contract that allows a seller to accept one buyer's contingent offer, then back out without penalty if a second buyer makes a better offer.

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