Real Estate Lingo Decoded: Essential Terms Every Buyer & Seller Should Know
- Remax Professionals
- Feb 20
- 1 min read
Updated: Feb 21
While the last couple of posts have focused on home selling, this one is beneficial to both buyers AND sellers. You may haven't thought about vocabulary since elementary school but for this week's blog we have a quick vocabulary lesson.
Understanding real estate terms is crucial because buying or selling a home is one of the biggest financial decisions a person can make. The industry is full of jargon—like "escrow," "appraisal," and "contingency"—that can feel as foreign as calculus to those unfamiliar with it. However, knowing these terms helps buyers and sellers make informed decisions, avoid costly mistakes, and communicate effectively with agents, lenders, and other professionals. Understanding key real estate vocabulary ensures a smoother, more confident transaction.
