Best Key Words In Real Estate Real estate terminology refers to the specialized language and vocabulary used in the real estate industry. Some common terms and phrases include:
- Appraisal: A professional evaluation of the value of a property.
- Asking price: The price at which a seller is willing to sell a property.
- Broker: A professional who acts as an intermediary between buyers and sellers in a real estate transaction.
- Closing costs: Expenses associated with purchasing a property, including legal fees, title insurance, and property taxes.
- Commission: Best Key Words In Real Estate Real estate is A fee paid to a real estate agent for their services in helping to buy or sell a property.
- Deed: A legal document that conveys ownership of a property.
- Depreciation: The decrease in value of a property over time due to wear and tear or obsolescence.
- Escrow: A neutral third party that holds onto funds or documents during a real estate transaction.
- Foreclosure: The legal process by which a lender takes possession of a property when the owner is unable to make the required mortgage payments.
- HOA fees: Fees paid by homeowners to a homeowners’ association for the maintenance and upkeep of common areas and amenities.
- Home inspection: A professional evaluation of the condition of a home, including the structure, mechanical systems, and appliances.
- Homeowner’s insurance: Insurance that covers damages to a home and its contents.
- Housewarming party: A social gathering to celebrate the purchase or arrival of a new home.
- Lease: A legally binding contract in which a landlord allows a tenant to use a property in exchange for rent.
- Leasehold: A property that is held under a lease agreement.
- Listing: A property that is for sale or rent and is represented by a real estate agent.
- Lockbox: A secure container used to store a key to a property, allowing agents to show the property to prospective buyers or renters.
- Mortgage: A loan used to finance the purchase of a property.
- Open house: An event in which a property is open for potential buyers or renters to view.
- Option: A right, but not an obligation, to purchase a property at a specific price within a certain time frame.
Real Estate Most Volume Top 100 Key Words
- Appraisal
- Asking price
- Broker
- Closing costs
- Commission
- Deed
- Depreciation
- Escrow
- Foreclosure
- HOA fees
- Home inspection
- Homeowner’s insurance
- Housewarming party
- Lease
- Leasehold
- Listing
- Lockbox
- Mortgage
- Open house
- Option
- Owner financing
- Palimony
- Pest inspection
- Pre-approval
- Principal
- Private mortgage insurance (PMI)
- Property
- Property tax
- Purchase agreement
- Quitclaim deed
- Real estate
- Real estate agent
- Real estate broker
- Real estate investment trust (REIT)
- Refinance
- Rent
- Rent-to-own
- Security deposit
- Square footage
- Tenancy
- Tenant
- Term
- Title
- Title insurance
- Title search
- Townhouse
- Transfer of ownership
- Under contract
- Vacancy
- Vacant
- Appurtenance
- Assessed value
- Benevolent use
- Boundary line
- Co-signer
- Encumbrance
- Equity
- Escheat
- Fee simple
- Foreclosure
- Gated community
- Grant
- Holding period
- Investment property
- Landlord
- Leasehold
- Lien
- Market value
- Multiple listing service (MLS)
- Net income
- Offer
- Option
- Outstanding mortgage balance
- Owner financing
- Parcel
- Partition
- Patrimony
- Perc test
- Personal property
- Property line
- Quitclaim deed
- Real estate investment trust (REIT)
- Reciprocal easement
- Refinance
- Rent-to-own
- Sale
- Sublet
- Tenant
- Time share
- Title
- Transfer of ownership
- Trust
- Trustee
- Under contract
- Vacancy
- Vacant
- Warrant
- Warranty deed
- Zoning
- Zoning ordinance