Glossary of Terms
We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary you can easily navigate through the complicated world of buying and selling a home.
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- debt
- Any amount one person owes to another.
- deed of trust
- A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan. A security instrument whereby real property is given as security for a debt.
- disclosure
- A statement to a potential buyer listing information relevant to a piece of property, such as the presence of radon or lead paint.
- distressed properties
- Properties which are in poor physical or financial condition.
- dry rot
- A fungal decay that causes wood to become brittle and crumble.
