Information for Buyers: The Language of Real Estate
Technical terms can be confusing to people who do not work in the same profession, and real estate agents, lenders, and appraisers use language that may be confusing to may buyers and sellers.
If you find your eyes glazing over when your real estate agent uses terms about escrow, clear title, easements, encroachments, contingencies, financing, or appraisals, don’t hesitate to ask for a translation. Buying or selling a home is a major step and professional real estate agents are committed to helping you understand the process thoroughly so you can make informed decisions.
The simple transaction of trading the seller’s house for the buyer’s money has become complicated by several hundred years of customs, common law, and state and local government requirements. Consumer demands have resulted in changes that require contracts to be as clear and understandable as possible. Real estate agents work to create an atmosphere in which you feel comfortable to ask questions.
We have learned this information through years of experience. However, we are sure your situation might be different. That's why WE ARE HERE. It is our job to personally advise home buyers and sellers. Ask us if any of the information here applies to your situation.
If you have any questions about the information you have found here or somewhere else, ask us. We will respond quickly without cost or obligation.