Basic Real Estate Terms to Know
Posted by Kaitlen Conney on
Basic Real Estate Terms to Know
Buying and Selling a home can feel intimidating, but it doesn’t need to be! In addition to selecting a great agent, becoming familiar with the following words and terms can help boost your confidence, and your knowledge in the field of Real Estate.
Appraisal by Market Comparison
A licensed appraiser provides an estimate of the property’s market value. It is a thorough examination and comparison of actual sales of comparable properties. Banks use this when making loans to home buyers. It is also used with refinancing, and for settling estate values upon death.
Comparable Market Analysis and Comparables
Often used as a guide for pricing a property, a comparable market analysis…
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