"To whom it may concern: I heard about the program and called concerning foreclosed homes and received the package. I went to closing on the 21st of April 2008. I praise God for a quick turnaround. A pleased customer."

- Rose C.

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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.

Click in the letter below to see the glossary

A:B:C:D:E:F:G:H:I:J:K:L:M:N:O:P:Q:R:S:T:U:V:W:X:Y:Z


K


kick-out clause
A clause in a sales contract that allows a seller to accept one buyer's contingent offer, then back out without penalty if a second buyer makes a better offer.
kit home
Structure containing prefabricated parts, which is assembled by a contractor.