Real Estate Lingo Explained

By
Real Estate Broker/Owner with The Buyer Brokerage

Buying a Home for the First Time or Buying a Home For the First Time in Many Years?

Real estate has its own lingo. To have a successful experience, it's a good idea to learn keywords.

What is a down payment, earnest money deposit, fair market value, market value, and assessed value? What does an appraiser do and why would I need an appraisal? What is post-occupancy?

Attorney & Broker Rich Rosa, the president of the National Association of Exclusive Buyer Agents, explains these terms and the home buying process. Rich Rosa lives and works as an exclusive buyer broker in the Boston, New Hampshire & Rhode Island area. Learn more about Rich and Buyers Brokers Only LLC.

Learn more about Victoria Ray Henderson here.

Posted by

Victoria Ray Henderson

Broker in Washington DC, Maryland, and Virginia with The Buyer Brokerage in McLean Virginia. 

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Comments (4)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Buyers and sellers in your area will benefit from your expertise. Wishing you continued success.  Have a wonderful day and sell a house.  bill

 

May 16, 2022 11:37 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

It is certainly important to understand these terms Victoria Ray Henderson thank you for sharing ( you may want to double check that the video shows the way you intended )

May 16, 2022 02:12 PM
M.C. Dwyer
Melody Russell Team at eXp Realty of California, Inc. - Felton, CA
MC Dwyer-Santa Cruz Mountains Property Specialist

Victoria Ray Henderson you are so lucky to have a lovely, velvety voice!

May 17, 2022 07:29 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Real Estate Terms are common to us in the business, however, many buyers when entering this new arena are unfamiliar with the words and what they actually mean. And depending on where you live, things are not always the same -- state to state. Enjoyed listening to your podcast. The information shared was valuable to anyone on the lookout for a new home! Thank you.

May 17, 2022 03:14 PM