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Real Estate Dictionary, Miscellaneous Terms

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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 an antisuck valve (yes, it's a thing!) and degassing are as long as my vacuum works.  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, and if you've followed my Real Estate Dictionary I'm sure you think you've heard them all.  But here are a few miscellaneous terms you may not have considered. 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 you...

Real Estate Dictionary, Closing Edition

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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 a faucet aerator or a backflow valve are as long as my plumbing works.  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 exi...

Real Estate Dictionary, Clearing Contingencies Edition

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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...

Real Estate Dictionary, Owners and Seller's Edition

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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 barometric pressure and dew points are as long as the weather is comfortable.  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 terms specific to home owners and sellers. 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 exi...

Real Estate Dictionary, Insurance Edition

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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 amperature and inductor mean as long as my electric works.  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 insurance 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! Mortgage Insura...

Real Estate Closing Gifts

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I have relatively consistent set of closing gifts I plan for my clients but when I received notice on Thursday that a house was closing on Tuesday I didn't have time for my standard personalized seller's gift.  I took to the internet for inspiration and ended up coming across the coolest lists of gift ideas! One thing I saw that I had never considered - people buy closing gifts for their Realtor?  Is this really a thing?  Sure, who wouldn't love a personalized coffee mug or an engraved business card case?  But to be completely frank... As a Realtor, I'm here to tell you: a referral or a positive (and honest!) review is the absolute best gift you can give your Realtor!   Some friends of mine are buying a home that is for sale by owner.  Yes, they wanted to use me as their Realtor and we had even looked at a few houses.  But they came across this house through an old friend and the seller specifically doesn't want to work with a Realtor.  I ful...

Real Estate Dictionary, Offer and Contract Edition

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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 a carburator and cam are as long as my car gets me where I need to go.  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 mortgage related 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! ...

Real Estate Dictionary, Pre-House Hunting Edition

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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 megabits and RAM are as long as my computer works.  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! Pre-qualificati...