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20 Μαρ 2023 · When searching for a home or applying for a mortgage, you may hear your real estate agent or lender use any of the terms or acronyms below. Keep this guide handy — you'll be fluent in the language of home buying before you know it.
GLOSSARY OF REAL ESTATE TERMS. Abstract of Title - A summary of al1 of the recorded instruments and proceedings which affect the title to property, arranged in the order in which they were recorded. Accretion - The addition of land through processes of nature, as by water or wind. Accrued Interest - Accrue; to grow; to be added to.
4 Ιαν 2023 · What does contingent mean? In real estate, the term refers to an offer that has been made but the sale is not yet final. This means that before the sale can be finalized, certain conditions must first be met. These conditions are usually listed in the contract that is signed by both the seller and buyer when an offer is accepted.
Real Estate Law Terminology. Navigating your way through legal documents and proceedings is complex. Here are some terms you might come across during your purchase or sale of real estate property to help you pilot the process.
New to real estate transactions? We created a list of common terminology for real estate transaction and give you an easily understandable definition.
This segment of the ABA Real Property, Trust & Estate Section's Info & FAQs covers a glossary of real estate terms.
When one party fails to fulfill any of the obligations outlined in a valid contract without a legal excuse. In real estate transactions, contracts are commonly used for buying or selling property, leasing agreements, construction contracts, and property management agreements, among others.
