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- A real estate term used to refer to a property that is in its present condition without the seller giving any guarantees. The term is used when a seller is selling a property in its current condition to a buyer, who is agreeing to purchase it with all its faults, including the faults that are not yet apparent.
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Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
a decision based only on a specific rule or rules and not on any other consideration: The case was dismissed on a technicality and will be retried at a later date. (Definition of technicality from the Cambridge Academic Content Dictionary © Cambridge University Press) Examples of technicality. technicality.
Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
Oct 19, 2022 · At first glance, hearing about an addendum, appraisal (estimate home value), or a preliminary report sounds technical, but it’s not. This article will explore the most common real estate terms you’ll read in a contract. We’ll make everything clear so that when you’re ready to buy or sell a home, you’ll be confident about these terminologies.
Sep 13, 2024 · Real property is a common technical term for “real estate” that is transferred from owner to owner by written deeds. For many of us, it could mean a house or a condominium , but the...
Real estate is full of jargon (“DOM”, “HOA”, “pre-qual”, etc), and it can add layers of confusion to an already convoluted process. Whether you’re buying or selling a home, we created this resource to help you learn the vocabulary.
Here’s a plain-language guide to familiar/unfamiliar real estate terms, also known as a real estate glossary. It comprises short definitions of all the technical real estate terms you will find on our website and otherwise.
