Posts from February 3rd, 2020

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10 Terms All First-Time Homebuyers Need to Know

February 3rd, 2020 by Anonymous

If you are a first-time homebuyer, real estate jargon can be overwhelming. New terms are constantly being thrown around by agents, banks and other parties involved in the process. It is important to have an understanding of real estate terminology to ensure that you are remaining informed and making the best decisions possible. You should always feel comfortable enough with your real estate agent to ask them to clarify any terms for you. Here are 10 terms that will be helpful to know before entering the home-buying process.

Appraisal - The valuation of property based on the estimate of an authorized person (Appraiser). Banks typically require an appraisal of a property before issuing a loan.

Closing Costs - A variety of fees and expenses associated with the closing of a real estate transaction. These cou...

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Categories: Buying