Many terms in real estate are universal throughout the nation. For example “title insurance,” which protects your property against hidden liens or potential ownership issues, always means “title insurance.” However, words describing or relating to the same thing often differ considerably in ...
Extensive collection of real estate terms and definitions from our online real estate dictionary. A complete glossary of terminology and jargon for real estate professionals.
Let’s take a deep dive into some essential real estate terms to know when buying or selling a house. All real estate professionals should be able to explain these real estate definitions to you. This real estate glossary of terms should better help you understand theprocess of closing on a...
ESTATE AGENT - See Agent.EVICTION - The removal of a person from a property.EXCHANGE OF CONTRACTS - A formal legal process that creates a binding contract for the sale of real property on agreed terms. The vendor and purchaser each sign a copy of the sale contract and then exchange these...
Understanding Real Estate The termsland,real estate, andreal propertyare often used interchangeably, but there are distinctions. Landrefers to the earth's surface down to the center of the earth and upward to the airspace above, including the trees, minerals, and water. The physical characteristi...
A purchase agreement is a contract between a buyer and seller stating the terms of the home sale. It may stipulate conditions like sale price, what appliances will stay in the home and when the buyer will move in. Who’s Asking: First-Time Home Buyer Real Estate Agent A real estate ag...
房地产交易术语(Realestatetradingterms)Itreferstotherealestatetransfer,realestatemortgageandthehousingrentalandothermarketbehaviors.[realestatetransfer]referstothebehaviorofrealestateownerstotransfertheirrealestatetootherpeoplethroughbuyingandselling,giftorotherlegalmeans.Thenumberofunitsthathavebeendealtwithinthereporting...
Buying a house? Here's the ultimate guide to real estate terms and topics like loans, permits, inspections, taxes, zoning, out-of-pocket expenses and more. By Erica Chayes WidaAttorney review A is for... Attorney review When buying or selling a home, check whether your state requires an...
Contract for Deed A selling arrangement in real estate where the buyer may occupy the property while making installment payments. The seller retains the title until the full agreed sales price is paid off. Also referred to as installment land contract ...
Take a look below at some of the top real estate terms that are helpful to know, especially if you're a first-time buyer. Feel free to bookmark this page to use a refresher whenever you need to brush up on your skills. Mike Garten AddendumA document that is added to a real estate...