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Date Archives: January 13th, 2020

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January
13

Real Estate Terms

Adding your home to the inventory of Las Vegas homes for sale is a stressful experience for many property owners; not only do you need to prepare your home, but you have to wait for the right buyer to come along. Education about the home-selling process is one way to combat your feelings of apprehension and nervousness. The more you understand about selling a home, the more confident you'll be when your home is on the market. Brush up on your real estate knowledge with these real estate terms you might hear throughout the home selling process. 

  1. Appraisal: An impartial opinion from a certified and licensed appraiser concerning the value of a home. This opinion is based on a walkthrough of the home and data from comparable properties.

  2. Buyer's Agent: A real estate agent that only represents the homebuyer in a real estate transaction.

  3. Buyers Market: A real estate market with more homes for sale than qualified buyers.

  4. Closing: A meeting when ownership of a home is transferred from the seller to the buyer.

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