Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV.
Real estate transactions are complex if you are unfamiliar with the process, the terms and understanding what is important to your situation and what is less important.
Your real estate broker should be able to explain all of the terms below and clarify the importance, as needed, throughout your transaction.
Securing a professional, local real estate broker you feel comfortable is your greatest asset; However, whether buying or selling, a basic understanding of terms will increase your confidence throughout the process.
This comprehensive list of real estate terms can feel overwhelming, use this as a glossary to look up terms when you hear them & ask your real estate broker for clarification as needed.