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First Time Home Buyers do you understand Your Real Estate Agent's language

First Time Home Buyers do you understand Your Real Estate Agent's language, as far as to the language your Agent is speaking. The language that any professional, like Contractors, Engineers, Builders, Lawyers, even some Home Inspectors. All these folks, can sound like they are speaking a foreign language at times. Real Estate terms sure can also be a bit confusing. Heres a a mini-glossary of the most common ones used, to help you out.

Comparable Market Analysis

CMA: Comparable Market Analysis, a home evahuation based on properties that have sold in a neighborhood, that similar to the home and property your looking at.
Disclosure: This coves many Documents, its a document that a seller needs to fill out, disclosure laws vary from State to State, but most sellers are required to tell you about, known material defects, that could very will could affect the value of the home you thinking of buying. At the closing, you'll receive a packet of disclosure statements, many of them are required by law. The documents could very will include: The appraisal notice, private mortgage insurance disclosure. transfer of mortgage servicing disclosure statement, these are a few.
Earnest Money: A good faith deposit provided as consideration when a buyer makes an offer to purchase a property contract.
Purchase and Sale's Agreement: A contract from the Buyer to the Seller offering to purchase the home and property for a certain price.

First Time Home Buyers do you understand Your Real Estate Agent's language,These are just a few of Real Estate terms, you'll want to be able to understand, when talking with your Real Estate Agent. I'll be posting more on this subject, to help you.

Post 594 - 7 Oct. 2009

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When buying, renting a Home or Commercial Properties when Relocating in or to Sullivan County, New Hampshire, Windsor County, Vermont, or nearby Counties. When "Good Enough" Isn't, call Baker Home Commercial Properties Inspections and Consulting to schedule, Your New Hampshire and Vermont Home or Commercial Property Inspections!

Phone: 603-826-4207

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Posted at: Localism.com/neighbor/bakerhome all links open in a new window!

Links Home Buyers, Home Owners, and Real Esate Agents will want to visit:

Life Expectancy of Home Componts New Hampshire and Vermont

A Home's Oil Furnace The Series Windsor County Vermont Home Buyers Part 1

A Home's Oil Furnace The Series Windsor County Vermont Home Buyers Part 2

A Home's Oil Furnace The Series Windsor County Vermont Home Buyers Part 3

A Home's Oil Furnace The Series Windsor County Vermont Home Buyers Accompany Series Post 1

A Home's Oil Furnace The Series Windsor County Vermont Home Buyers Accompany Series Post 2

A Home's Oil Furnace The Series Windsor County Vermont Home Buyers Accompany Series Post 3

Safety Tip Posts:

When You and Your Family are Going on a Trip, Safety Tips

Home Fire Safety For First Time Home Buyers Part 12 of 12 A Checklist

The following blog post link, is a four part series - there are links to each part on the posts:

Coal Firing Furnaces-New Hampshire and Vermont Series Part one

Acheivement Posts:

First New Hampshire Real Estate Professional to Reach 400,000 on ActiveRain

Helpful Blog Posts for other Members:

If your not a ActiveRain RainMaker You need to Sign Up Today

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Posted by Dale Baker,The #1 Home and Commercial Properties Inspector-in NH&VT-on AR on 10/07/2009 08:20 PM

Comments (12)

First Time Home Buyers in the Home Buying Channel

new hampshire real estate, vermont real estate, disclosure, first time home buyers, claremont home inspectors, springfield home inspectors

Originally posted at: Baker Home Commercial Properties Inspections Blog: First Time Home Buyers do you understand Your Real Estate Agent's language

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12 Comments on First Time Home Buyers do you understand Your Real Estate Agent's language

OCT

Dale: This is very good information for First Time Home Buyer's. If this is the first go round they need to become familiar with the language and that is why it is so imporant to have a good realtor to lead them through the process. Of course, a good home inspector by the name, Dale Baker, to do the home inspection.

Howdy there Carl and Ceil

It sure is always a real pleasure to have y'all stop by to visit for a bit, and to read, and write a reply back to the comments. Y'all leave on any one of the posts, here at my little ole Blogging Homestead, my friends

Carl - you sure were fast at leaven a comment, on this post to help First Time Home Buyers. Your sure right by folks need to be able to understand, the Terms that are being used in Real Estate. And if the Home Buyer is looking to buy a home in the Texas Hill Country, they sure do want to use Carl Winters, to do their Home Inspection.

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Dale - ya know, I remember from my restaurant & bar days a joke one of our chefs played on a kid who really wanted to learn the culinary arts: this poor kid went from restaurant to restaurant asking to borrow a "left handed taco folder."

When we get stuck in the mode of speaking jargon all the time - our words make just about as much sense to anyone who doesn't speak the language on a regular basis. Great post!

OCT

Dale I stopped back buy to see if anyone else had commented. Kent is correct. Sometimes we know our trade so well we forget the lay person needs to have some things explained so that they understand. After all they may only purchase a home once or twice in a life time.

Howdy there Kent, Carl and Ceil

Its always a pleasure to have y'all stop by to pay a little visit, and to read and write each of ya a reply on any one of the posts, here at my little ole Blogging Homestead, my friends

Kent - Its sure good to see ya here in the community, I know ya have been real busy here of late. Something is up in the AR community, your comment did not show up on my home page. That there left handed taco folder, would be like that ole left handed monky wrench. All professionals, have a habit of talking as if every one knows the same language. Thank you kindly!

Carl - I'm always glad to have ya stop by as many times as you would like to. Kent sure is right, about professional folks, geting stuck in speaken as if everyone understands what they are a say-en. But there are also the ones, that think using facy words makes them sound as if they know what they are talking about.

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Dale,

That should be helpful to people who are just taking the plunge.

Howdy there Steven

It sure is always a pleasure to see ya have stoped by to visit, and to read and reply back to one of your comments left on, one of the posts here at my little ole Blogging Homestead, my friend

Sure do hope it'll be of help to First Time Home Buyers. Each and every one of here in the ActiveRain community, need to do what we can. To give a helping hand with understanden the different areas of Real Estate, when ever we can.

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OCT

Dale I came by to check your post. I still think lots of realtors are now doing FB and busy in the evening doing paper work. Maybe this winter we will have more folks on AR.

Hi Dale, I took some time off from Active Rain because I got too busy. Yea!!! Now I'm back and I noticed you have a new look. Like the new photo. Your blog is looking good. great content as always.

Howdy there Carl, Ceil, Robin

Its always a pleasure to have y'all stop by to visit, and to write y'all a reply back to your comments. On this post, here at my little ole Blogging Homestead, my friends

Carl - I'm sure your right, about that they are over at FB, and busy with helping home buyers.

Robin - Its sure good to see you! You've been missed here in the ActiveRain community. I've still got to do something about moven myself to the front of the photo some more. Thank you kindly.

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OCT

Nice post, Dale! Sometimes we forget that our first-time buyers have never heard these terms before and we need to explain them.

Cheers,

Robin

Howdy there Robin

Its always a pleasure to have you stop by to visit, and to read and reply back to your comments. Left on the posts, here at my little ole Blogging Homestead, my friend

Thank you kindly, alot of professionals, in many industrys don't stop to think. That the folks they are talking with, just might not ubdersteand them.

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