Real Estate

What does withdrawn or canceled mean? Withdrawn or canceled is a term used when a seller withdraws or cancels the offer on a property. This […]

What is a walkthrough? A walkthrough is the last inspection that is conducted by a buyer of a house before finalizing a sale. At this

What is vacancy rate? The vacancy rate is the percentage of unoccupied units in a particular rental complex at a given time. For example, let’s

What is a VA loan? The U.S Veteran Affair Loan a.k.a VA loan is a type of loan issued by private lenders and partially backed

Definition of upfront costs? The upfront costs are out of pocket money a homebuyer spends when buying a house. This amount is considered after the

What is an underwriter? An underwriter is a member of a lending institution that reviews the credibility of mortgage/loan applicants. These individuals work for insurance,

What does under contract mean? The under contract is a contract between a buyer and seller of a property which says that a buyer entered

What does turn-key mean? What is the first thing that comes to your mind when you want to buy a house? Some buyers prefer fixer-uppers.

What is a transaction broker? A real estate transaction broker is an individual who provides third-party assistance to buyers and sellers, according to PropertyClub. This

What is a townhouse? A townhouse is a type of building with two to three units that share walls. There are similarities between townhouses, condominiums,