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

The Close

DECEMBER 29, 2022

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. It’s often presented as a percentage of the fair market value.

Purchase and sale agreement 98
Purchase and sale agreement Title Proof of funds Pre-approval 98
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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

AUGUST 31, 2020

You will learn what each stage of the process looks like as we define the different terms clearly. A distressed home for sale probably doesn’t look any different than any other home on the market, though there is a possibility that it will be more run down. That said, such a home can likely be purchased for fair-market value.

Short sale 88
Short sale Sales Banks Inspection 88
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