| Term | Definition | Image |
|---|---|---|
| Appraisal | ||
| Buyer's Agent | A real estate agent who represents the interests of the buyer in a real estate transaction. | |
| Closing Costs | The fees and expenses associated with the transfer of property ownership. | |
| Contingency | A condition or requirement that must be met before a real estate contract becomes legally binding. | |
| Earnest Money | A deposit made by the buyer to demonstrate their serious intent to purchase the property. | |
| Escrow | An account where funds are held by a neutral third party until all conditions of a real estate transaction are met. | |
| Home Inspection | A thorough assessment of a property's condition, conducted by a licensed inspector. | |
| Listing Agent | The real estate agent who represents the seller in a real estate transaction. | |
| Mortgage | A loan provided by a lender to finance the purchase of a home. | |
