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Recently Added Definitions

  • Contingency

    A condition that must be met for a sale to proceed, such as financing approval, home inspection results, or the sale of the buyer's current home.

    • Management
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  • Closing Costs

    Fees paid at closing (typically 2–5% of purchase price) including title insurance, appraisal, attorney fees, loan origination, and transfer taxes.

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  • Closing

    The final step in a real estate transaction where ownership officially transfers from seller to buyer, documents are signed, and funds are disbursed.

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    • Appraisal

      A professional, licensed estimate of a property's market value, typically required by lenders to ensure the loan amount doesn't exceed the home's worth.

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      • Special

        Another definition.

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