11 Confusing Real Estate Terms Explained
When shopping for a Home Know Real Estate jargon and its meanings. Caroline Briggs’s article explains “11 Confusing Real Estate Terms,” along with my esteemed colleagues Jeanne Byers, Gill Chowdhury, and Cara Ameer.
Real Estate Jargon befuddled many buyers and sellers. “The real estate process is complex with many legal terms that most buyers and sellers have never come across,” explains Karen Kostiw of Warburg Realty. “It is vital that all clients understand the real estate jargon and the various terms and conditions in order to comprehend their nuances”.
1. Proof of Funds
2. Good Bones
3. Fixed Rate Mortgage
4. Adjustable Rate Mortgage
5. Pending Offer
6. Contingent Offer
8. Post Closing Costs
9. Closing Costs
Want to better understand the real estate jargon such as the 11 highlighted legal terms above when shopping for a home then click on the link and take a read.