Like most people, you may be unfamiliar with real estate lingo. Are you looking to buy, sell, or learn about real estate in general? If you want to know the basics of real estate, look no further.
Let’s start with what real estate is.
Real estate is land, property, and anything attached to it (resources) including the trees.
Some of the most basic real estate terms that you are bound to hear thrown around by professionals in this sector include:
- Addendum
- Comparable
- Disclosures
- Escrow
And so on. But what do these terms mean?
In this article I will be telling you about the most used real estate vocabulary and help you to navigate the scene smoothly.