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- Buyers market: Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. Cancellation of escrow: A situation in which a buyer backs out of a home purchase. Capacity: The amount of money a home buyer can afford to borrow.
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23 hours ago · 7. Concessions. In a negotiation, one party might add some concessions to make a deal more attractive to the other party. If maintaining a high contract price is a priority for the seller, throwing in concessions may encourage the buyer to offer a higher deal price. Concessions generally have to have some monetary value.
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Jul 15, 2019 · This lexicon of real estate terms and acronyms will help you speak the language like a pro. Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal.
Oct 26, 2023 · This glossary of essential real estate terms is your bridge to a smoother, more informed buying or selling experience. So whether you're navigating the market as a seasoned investor or a first-time buyer, these ABCs of real estate lingo will help you communicate, negotiate, and make decisions with confidence.
The Ultimate Real Estate Glossary for Homebuyers. The Secret Language of Real Estate Listings. Getty Images. Contingent vs. under contract? Call it what you will—jargon, shorthand,...
If you’re buying a home for the first time or are just beginning your investing career, you’ll likely encounter real estate terminology that you’ve never heard of before. We put together the following as a complete guide to real estate terms that will help get you up to speed in no time.
- Paul Esajian
Sep 17, 2022 · If you plan to make a real estate transaction, whether buying or selling, you will come across real estate terminology and definitions that you are unfamiliar with. These are some of the most important real estate terms that buyers and sellers should be aware of.
Nov 9, 2022 · Homebuying terms. Buyer’s agent: A buyer’s agent represents a person or party seeking to purchase real estate. Contingencies: Contingencies are clauses in a purchase and sale agreement ...
