Every industry has their own language.  There terms they throw around like everyone knows what they're talking about but no one outside the industry really does.  In most cases it's okay.  I don't need to know what inseams and darts are as long as my clothes fit.  But in Real Estate, it's your money and your home we're talking about, so a little education can go a long way. There are a LOT of Real Estate terms, so I'll break them down by category.  Here are a few pre-house hunting terms to get you started. Realtor  (Pronouced Reel-tor) According to the National Association of Realtors, " REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics." In reality, a Realtor is someone who sells your home in record time, finds your dream home and solves problems you never knew existed! First, a quick re...

House hunting is so much fun, but let's be honest - the real thrill is when you make an offer and we're all waiting with baited breath to see how the seller responds.  Today, you got that response and your offer was accepted!  Congratulations, you're going to be a homeowner! And now you're terrified because you're going to be a homeowner.  So now what?  I'm glad you asked. First, get your earnest money to your Realtor.  You will have already agreed on an amount and a timeline, so make sure you stick to that.  The sooner you get it to your agent the better, because she may need time to then get it to her office or the listing agent. Your Realtor should deliver your contract to your lender and your closing agent, who is most likely an attorney.  Check with your lender to make sure she received it.  Then watch for communications from both of them with instructions on next steps.  They'll be reminding you to obtain insurance quotes, sche...