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Know the Lingo...

By
Real Estate Agent with Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA 92593-B

...as much as you can.

There is some basic Real Estate lingo that all buyers and sellers should learn prior to entering the Real Estate & Mortgage marketplace. The Infographic below is intended for buyers but I find sellers need to know the same terminology as a buyer and vice versa. 

Key Terms To Know When Buying a Home 

Key Terms To Know When Buying a Home [INFOGRAPHIC] | Keeping Current Matters

Some Highlights

  • Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process.
  • If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process.
  • Work with a trusted real estate professional who can answer any questions as they come up.

Credit to KCM for the infographic

Posted by

Grace be with you, and peace, from God our Father, and the Lord Jesus Christ.

2 Thessalonians 1:2 KJV

Keller Williams Realty Evolution

447 Newburyport Turnpike Suite #5

Topsfield, MA 01983

 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (8)

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

Great information.  Thanks for sharing, enjoy your SUPER-WILD-CARD weekend, and here's a GOOD LUCK to your favorite NFL Team!

Jan 13, 2023 11:31 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Doug - there are those who speak fluent real estate.  But not everyone does.  Definitions matter.   And specifics as to a local market make a difference as well.  

Jan 13, 2023 02:39 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Yes, these are good terms to know since they come up all the time!

Jan 14, 2023 04:04 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Doug and so important for buyers and sellers to know the lingo and we need to watch the way we say things.

Jan 14, 2023 08:36 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good Morning Bill Salvatore - East Valley 

What a football weekend it was! Have a great week and the playoff saga returns tonight with the Bucs v Dallas

Jan 16, 2023 08:53 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Hi Michael Jacobs yes many do. You make a good point about what knowing the definition of the words are, too

Jan 16, 2023 08:55 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good Morning Kat Palmiotti  It always helps to know what people are speaking about when you are potentially transacting for a several hundred thousand dollars property 

Jan 16, 2023 08:56 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Very good point Will Hamm We are accustomed to the jargon but many are not so we need to be prepared to explain

Jan 16, 2023 08:57 AM