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136 real estate terms
- We present our glossary of 136 real estate terms you need to know—and be able to define for your clients.
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Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
We’ve curated helpful information from our Homebuyers’ Road Map and Tips for Buyers, to share with you some of the most important terminology a new buyer needs to know—from pre-purchase to post-purchase. Before you buy. First things first, you need to find yourself a REALTOR®.
Mar 20, 2023 · 78 Real Estate Terms and Expressions You Should Know. Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy.
- Adjustable-rate mortgage (ARM) With ARM loans, interest rates can change after an initial fixed rate period as they adjust based on the interest rate index the ARM is tied to (e.g., LIBOR, COFI, etc.).
- Appraisal. An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an appraiser to get a professional opinion of the value of the property.
- Appraisal contingency. An appraisal contingency is a clause that allows a buyer to dissolve a purchase agreement if a home’s appraised value is less than the sale price.
- As-is. A property marketed in “as is” condition usually indicates that the seller is unwilling to perform most if not all repairs. It could also mean that it is priced “as is”, which is typically lower than market pricing in the area.
Apr 11, 2024 · Real estate is full of technical terms you probably won't encounter until you're buying or selling a home. Read through our alphabetical list to find definitions of some of the common terms that you'll discover on your real estate journey.
Mar 18, 2021 · From amortization to under contract, here are the basic real estate terms you should understand, especially if you're a first-time home buyer.
Mar 26, 2024 · To best prepare you for the spring real estate market and the changing conditions in the real estate industry and the general Canadian economy, here is a list of the terms that you need to know if you plan on buying, selling, investing, or even just keeping up with the market this year!
