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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Click in the letter below to see the glossary
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I
- income property
- Real estate developed or bought for the purposes of generating income.
- insurance
- Owners and buyers can purchase various types of insurance including hazard, private mortgage, and earthquake. The policies guarantee compensation for specific losses.
- interest rate
- The fee, expressed as a percentage, charged for a loan. The interest rate also helps determine the monthly payment. For adjustable-rate loans, the interest rate may change from its initial level.
- investment property
- Any piece of property that is expected to generate a financial return. This may come as the result of periodic rents or through appreciation of the property value over time.