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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” ” A.

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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

One thing to keep in mind, though, is that the seller probably isn’t going to have cash reserves available to fix any issues uncovered in the inspection before closing. The banks will actually require it to physically be on the market for a certain amount of time with a contract through a real estate agent,” he explains.