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4 Ιαν 2023 · 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.
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.
Agreement of Sale - A written agreement between seller and purchaser in which the purchaser agrees to buy certain real estate and the seller agrees to sell upon terms and conditions set forth therein. Air Rights - Rights in real property to use the space above the surface of the land.
13 Νοε 2023 · Active contingent. To help your clients understand contingencies, use the word “conditional.” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met.
Discover 41 essential real estate terms to navigate the market with confidence. Unravel the jargon and master the language of real estate.
13 Αυγ 2021 · I’ve pulled together a comprehensive dictionary of real estate terms and definitions. From the obscure to the obvious, your clients will find all the information they need below. And you might even find it helpful as you brush up on a term or two.
15 Δεκ 2021 · Herein, I define some common legal terms and provide examples of the use of those legal terms that are commonly used in real estate law. This should help one to better understand the verbiage that is being used in real estate transactions and litigation that you may become involved with.