Top 10 Commonly Used Terms in Real Estate That Are Important for Buyers to Understand

Here are some commonly used terms in real estate that are important for buyers to understand: Buyer's agent - A licensed real estate agent who represents the buyer in a real estate transaction. Closing - The final stage of a real estate transaction, during which the title is transferred and the buyer takes possession of the property. Contingency - A condition in a real estate contract that must...

10 Real Estate Terms You Should Know

Here are some commonly used terms in real estate: Appraisal - The process of estimating the value of a property, usually for the purpose of buying or selling. Closing costs - The fees and expenses that must be paid at the time of the closing of a real estate transaction. Equity - The value of a property beyond any outstanding loans or debts on the property. Home inspection - An examination of...

Compare listings