The following are some common real estate terms you may run across during the process of buying or selling your home.
- AAA tenant
- Absorption rate
- Abstract of title
- Abut
- Abutment
- Acceleration Clause
- Acceptance
- Accessibility
- Accessory building
- Accident and health premium
- Accommodation party
- Accrued interest
- Acoustical tile
- Acre (AC)
- Act of God
- Action to quiet title
- Ad valorem
- Adaptive reuse
- Add-on interest
- Additional Principal Payment
- Adjoin
- Adjustable living expenses
- Adjustable-Rate Mortgage (ARM)
- Adjusted Basis
- Adjustment Date
- Adjustment Period
- Administrative Services Center
- Administrator
- Advance
- Affidavits
- Affordability Analysis
- Affordable Housing Program (AHP)
- Agrarian
- Agreement of sale
- Air rights
- Alcove
- Alienation
- Alienation clause
- All Inclusive Trust Deed (AITD)
- Allodial system
- Allowance for vacancy and income loss
- Alluvion
- Amenity
- American Bankers Association (ABA)
- American Institute Of Architects (AIA)
- American Institute Of Certified Public A
- American Institute Of Real Estate Apprai
- American Land Title Association (ALTA)
- Amortization
- Amortization Schedule
- Amortization Term
- Amount financed
- Anaconda mortgage
- Analysis of Impediments (AI)
- Anchor bolt
- Anchor tenant
- Ancillary income
- Annex
- Annual Debt Service (ADS)
- Annual Mortgagor Statement
- Annual Percentage Rate
- Annual Percentage Rate (APR)
- Annuity
- Application
- Appointments
- Apportionment
- Appraisal
- Appraisal Institute
- Appraised Value
- Appraiser
- Appreciation
- Appropriation
- Appurtenance
- Apron
- Arm's-length transaction
- Army Corps of Engineers (COE)
- Arrears
- Artesian well
- As is
- Assemblage
- Assessed value
- Assessment
- Assessment Rolls
- Assessor
- Asset
- Assign
- Assignee
- Assignment
- Assignment of Mortgage (A/M)
- Assignment of servicing
- Assignor
- Assumability
- Assumable Mortgage
- Assumption
- Assumption Clause
- Assumption Fee
- Assumption of mortgage
- Atrium
- Attachment
- Attestation
- Attic
- Attorney-in-fact
- Attornment
- Attractive nuisance doctrine
- Automated Underwriting
- Average life of a mortgage
- Avulsion
- Backfilling
- Backup contract
- Balance Sheet
- Balloon Mortgage
- Balloon note
- Balloon Payment
- Baluster
- Bank Holding Company (BHC)
- Bankrupt
- Bankruptcy
- Base line
- Base rent
- Baseboard
- Basement
- Basis
- Basis points
- Batten
- Baty
- Beam
- Bearer bond
- Bedrock
- Bedroom community or suburb
- Before-Tax Income
- Belly-up
- Beneficiary
- Bequeath
- Betterment
- Bill of Sale
- Billing cycle
- Binder
- Biweekly Mortgages
- Biweekly Payment Mortgage
- Blacktop
- Blanket Insurance Policy
- Blanket Mortgage
- Blended rate
- Blighted area
- Blockbusting
- Blueprint
- Board of adjustment
- Board of equalization
- Board of Realtors®
- Board of review
- Boilerplating
- Bona fide
- Bond
- Bond value
- Bond-type security
- Book value
- Boot
- Boring test
- Borough
- Boti'om land
- Bottom line
- Bracing
- Breach
- Breach of contract
- Breach of trust
- Break-even cash ratio
- Break-even point
- Breakpoint
- Bridge financing or bridge loan
- Bridge Loan
- British Thermal Unit (BTU)
- Broker
- Brownfields
- Brownfields Economic Development Initiat
- Brownfields Redevelopment Initiative
- Budget
- Budget Category
- Buffer strip or zone
- Builder's risk insurance
- Building Code
- Building line or setback
- Building permit
- Buydown
- Buydown Account
- Buydown Mortgage
- Buyer's agent
- Cadastral map
- Call Option
- Cap
- Capacity
- Cape cod
- Capital
- Capital asset
- Capital Expenditure
- Capital gain
- Capital gains tax
- Capital Improvement
- Capital loss
- Capitalization
- Capitalization rate
- Carryback financing
- Cash basis
- Cash flow
- Cash flow model
- Cash reserve
- Cash-on-cash return
- Cash-out Refinance
- CD-Indexed (Certificate of Deposit) ARMs
- Certificate of Deposit
- Certificate of Deposit Index
- Certificate of Eligibility
- Certificate of occupancy
- Certificate Of Occupancy (CO)
- Certificate of Reasonable Value
- Certificate of Title
- Cession deed
- Chain of Title
- Change Frequency
- Change Orders
- Chattel
- Chattel mortgage
- Clear Title
- Closing
- Closing Agent
- Closing Cost Item
- Closing Costs
- Closing Date
- Closing day
- Closing Statement
- Cloud on Title
- Co-maker
- Co-signer
- Codes
- Coinsurance
- Coinsurance Clause
- Collateral or security
- Collection
- Collection agencies
- Collusion
- Commercial Banks
- Commission
- Commitment Letter
- Common Area Assessments
- Common Area Maintenance
- Common Areas
- Common Law
- Community Development Block Grant Progra
- Community home buyer's program
- Community home improvement mortgage loan
- Community land trust mortgage loan
- Community Land Trust Mortgage Option
- Community Property
- Comparables
- Completion bonds
- Compoinent depreciation
- Compound Interest
- Comprehensive Homeless Assistance Plan (
- Comprehensive Improvement Assistance Pro
- Condemnation
- Condition of the Home
- Condominium
- Condominium Conversion
- Condominium Hotel
- Construction Contract
- Construction Loan
- Consumer credit counseling services
- Consumer credit counselor
- Contiguous
- Contingencies for Repairs
- Contingency
- Contingency for Clear Title
- Contingency for Financing
- Contingency for Personal Property
- Contingency Reserve
- Continuum of Care
- Contract
- Contract Authority
- Contractor
- Conventional Mortgage
- Conversion clause
- Conversion provision
- Convertibility Clause
- Convertible ARM
- Cooperative
- Cooperative (co-op)
- Cooperative Corporation
- Cooperative Housing
- Cooperative Mortgages
- Corporate Relocation
- Cost approach
- Cost of Funds Index
- Cotenancy
- Counter-offer
- Covenant
- Credit
- Credit Bureau
- Credit History
- Credit Life Insurance
- Credit Profile
- Credit rating
- Credit Report
- Credit Report Fee
- Credit Reporting Agency (or bureau)
- Credit Repository
- Credit Score
- Credit union
- Credit Unions
- Creditor
- Creditworthy
- Cross-default clause
- Daily interest
- De facto
- Debenture
- Debt
- Debt Coverage Ratio (DCR)
- Debt management plan
- Debt service
- Debt service coverage
- Debt-to-income ratio
- Declaration of trust
- Decree
- Deduct
- Deed
- Deed of Trust
- Deed restrictions
- Deed-in-lieu
- Default
- Defective title
- Defendant
- Deferred interest
- Deferred maintenance
- Deficiency
- Delinquency
- Demand note
- Demographics
- Density
- Department of Veterans Affairs
- Deposit
- Depreciation
- Detached Single-Family Home
- Direct deposit
- Direct Leveraging Loan Program (DLLP)
- Direct sales comparison
- Disbursements
- Discount Points
- Discounting
- Discretionary spending
- Dower
- Down Payment
- Due-on-sale clause
- Due-on-sale Provision
- Due-on-transfer Provision
- Earnest money
- Earnest money (Good Faith Deposit)
- Earnest Money Deposit
- Easement
- Easement appurtenant
- Easement by necessity
- Easement rights
- Economic Development Administration (EDA
- Economic life
- Economic obsolence
- Economic rent
- Effective Age
- Effective Gross Income
- Egress
- Emergency Shelter Grant (ESG)
- Eminent Domain
- Employer-Assisted Housing
- Empowerment Zones and Enterprise Communi
- Encroachment
- Encumbrance
- Endorser
- Environmental Assessment (EA)
- Environmental Impact Statement (EIS)
- EOY
- Equal Credit Opportunity Act
- Equal Employment Opportunity (EEO)
- Equal Housing Opportunity Plan (EHOP)
- Equity
- Equity financing
- Equity loan
- Equity participation mortgage
- Erosion
- Errors in Credit Report
- Escalator clause
- Escrow
- Escrow Account
- Escrow agent (escrowee)
- Escrow agreement (escrow instructions)
- Escrow Analysis
- Escrow Collections
- Escrow Disbursements
- Escrow Payment
- Establishing a Credit Record
- Estate
- Estate sale
- Estopped certificate
- Estoppel
- Eviction
- Examination of Title
- Exchange
- Exclusive agency listing
- Exclusive Listing
- Exclusive right to sell
- Executor
- Fair credit billing act
- Fair Credit Reporting Act
- Fair debt collection practices act
- Fair Housing Act
- Fair Housing Assistance Program (FHAP)
- Fair Housing Initiatives Program (FHIP)
- Fair Market Rents (FMR)
- Fair Market Value
- Fannie Mae
- Feasibility analysis
- Federal Deposit Insurance Corporation
- Federal Home Loan Bank Board (FHLBB)
- Federal Home Loan Bank System
- Federal Home Loan Mortgage Corporation (
- Federal Housing Finance Board (FHFB)
- Federal National Mortgage Association (F
- Federal Reserve System
- Fee Simple
- Fee simple absolute
- Fee Simple Estate
- FHA (Federal Housing Administration)
- FHA Coinsured Mortgage
- FHA Fund
- FHA loan
- FHA Loans
- FHA Mortgage
- FHLMC (Federal Home Loan Mortgage Corpor
- Final Walk-Through Inspection
- Finance
- Financial Index
- Financial leverage
- Financial risk
- Financing
- Finder's Fee
- Firm Commitment
- First and Second Mortgages
- First Mortgage
- Fiscal Year
- Fixed expenses
- Fixed expenses or fixed payments
- Fixed Installment
- Fixed Lease
- Fixed Rate Mortgage
- Fixed-Period Adjustable-Rate Mortgages
- Fixed-rate mortgage
- Fixture
- Flood Insurance
- FNMA (Federal National Mortgage Associat
- Forbearance
- Foreclose
- Foreclosure
- Forfeiture
- Front foot
- Fully Amortized ARM
- Fully amortized mortgage
- Functional obsolescence
- Future value
- General Contractor
- General partnership
- General warranty deed
- Good faith deposit
- Good Faith Estimate
- Gound Lease
- Government Mortgage
- Government National Mortgage Association
- Grade
- Graduated lease
- Graduated payment
- Grantee
- Grantor
- Gross income
- Gross Lease
- Gross operating income
- Ground lease
- Ground Rent
- Group Home
- Growing-Equity Mortgage
- Guarantee Mortgage
- Guaranteed Loan
- Hazard Insurance
- Highest and best use
- Home Equity Conversion Mortgage
- Home Equity Line of Credit
- Home Equity Loan
- Home Inspection
- Home inspector
- Home Mortgage Disclosure Act (HMDA)
- Homebuyer Protection Plan
- Homeowner's Insurance
- Homeowner's Insurance for Reverse Mortga
- Homeowner's warranty
- Homeowners Association
- Homestead
- Housing Expense Ratio
- Housing for the Elderly and Handicapped
- HUD
- HUD median income
- HUD-1 statement
- HVAC
- Impound account
- Improvement
- In-File Credit Report
- Income approach
- Income capitalization
- Income Property
- Index
- Index Lease
- Individual Retirement Account
- Industrial revenue bond
- Inflation
- Ingress
- Initial Interest Rate
- Inspection
- Installment
- Installment debt
- Installment Loan
- Installment sale contract (land contract
- Insurable interest
- Insurable Title
- Insurable value
- Insurance
- Insurance Binder
- Insured Mortgage
- Interest
- Interest Accrual Rate
- Interest escalation clause
- Interest Rate
- Interest Rate Buydown Plan
- Interest rate cap
- Interest Rate Ceiling
- Interest Rate Floor
- Interest Rate for HECMs
- Interest-only loan
- Internal Rate of Return (IRR)
- Intestate
- Investment
- Investment Property
- Investment value
- Involuntary lien
- Joint Tenancy
- Joint venture
- Joists
- Judgment
- Judgment Lien
- Judicial Foreclosure
- Jumbo Loan
- Junior mortgage
- Kicker
- Land Contract (Land Sales Contract)
- Landlocked
- Late Charge
- Latent defect
- Lease
- Lease-Purchase Mortgage Loan
- Lease-purchase Option
- Leased fee
- Leasehold
- Leasehold Estate
- Legal Description
- Lessee
- Lessor
- Letter of Credit
- Leverage
- Liabilities
- Liability
- Liability Insurance
- LIBOR-based ARMs
- Lien
- Lifetime cap
- Lifetime Payment Cap
- Lifetime Rate Cap
- Line of Credit
- Liquid Asset
- Liquid assets
- Liquidated damages
- Listing agent
- Listings
- Loan
- Loan Application
- Loan balance
- Loan Commitment
- Loan Limit
- Loan or mortgage value
- Loan Origination
- Loan Origination Fee
- Loan point
- Loan servicing
- Loan Terms and Conditions
- Loan To Value Ratio (LTV)
- Loan-to-value ratio
- Lock-in
- Lock-in Period
- Low Income
- Low Income Housing Tax Credits (LIHTC)
- Managing risk
- Manufactured Housing
- Margin
- Margin (also known as Spread)
- Market approach
- Market interest rate
- Market rent
- Market Value
- Marketable title
- Master Association
- Maturity
- Maximum Claim Amount
- Maximum Financing
- Meander line
- Meandered
- Mechanic's lien
- Merged Credit Report
- Meridian
- Metes and bounds
- Mixed-Income
- Modernization
- Modification
- Money Market Account
- Money Market Fund
- Monthly Fixed Installment
- Monthly housing costs
- Monthly Payment Mortgage
- Moratium
- Mortgage
- Mortgage agreement
- Mortgage Banker
- Mortgage Bankers Association of America
- Mortgage Banking Companies
- Mortgage Broker
- Mortgage commitment
- Mortgage Insurance
- Mortgage Insurance Premium
- Mortgage insurance premium (MIP)
- Mortgage interest rate
- Mortgage Life Insurance
- Mortgage margin
- Mortgage note
- Mortgage note (also none as Promissory N
- Mortgage-Related Closing Costs
- Mortgagee
- Mortgagor
- Multidwelling Units
- Multifamily Mortgage
- Multiple listing
- Mutual Mortgage Insurance Fund (MMI)
- National Association of Home Builders
- National Association of Housing and Rede
- National Association of Real Estate Brok
- National Association of Realtors (NAR)
- National Tenants Organization (NTO)
- Navigable water
- Negative Amortization
- Negative leverage
- Net Cash Flow
- Net lease
- Net Operating Income (NOI)
- Net Present Value (NPV)
- Net Worth
- Net-Net-Net Lease (NNN)
- No Cash-Out Refinance
- Nominal interest rate
- Non-recurring closing costs
- Nonconforming use
- Nonliquid Asset
- Nontraditional credit history
- Note
- Note Rate
- Notice of Default
- Nuisance
- Occupancy Date
- Offer
- One-Year Adjustable-Rate Mortgage
- Ongoing Costs
- Open-end mortgage
- Operating expenses
- Operating ratio
- Opportunity cost
- Option
- Optionee
- Optionor
- Original Principal Balance
- Origination
- Origination Fee
- Overhang
- Owner Financing
- Package mortgage
- Partial Payment
- Partially amortized
- Participation mortgage
- Partnership
- Party wall
- Payment cap
- Payment Change Date
- Percentage lease
- Percentage rent
- Periodic Payment Cap
- Periodic Rate Cap
- Permits
- Personal Property
- Pest Inspection Report
- Physical depreciation
- PITI
- PITI Reserves
- Planned Unit Development (PUD)
- Plat
- Plot plan
- Plottage
- Point
- Point of beginning
- Point or points
- Points
- Positive leverage
- Potential rental income
- Power of Attorney
- Pre-Approval
- Pre-Qualification
- Prearranged Refinancing Agreement
- Predatory Lending
- Prefabricated home
- Preforeclosure Sale
- Premium
- Prepayment
- Prepayment Penalty
- Prepayment priviledge
- Prequalification
- Present value
- Price
- Prime Rate
- Principal
- Principal Balance
- Private Mortgage Insurance
- Probate sale
- Promissory Note
- Property inspection
- Property Tax
- Proration
- Public Auction
- Public Housing Agency (PHA)
- Purchase Agreement
- Purchase and Sale Agreement
- Purchase money mortgage
- Purchase Money Transaction
- Pyramiding
- Qualifying Guidelines
- Qualifying Ratios
- Quiet enjoyment
- Quitclaim deed
- Radon
- Rafter
- Rate Caps
- Rate Lock
- Rate-Improvement Mortgage
- Ratified Sales Contract
- Raw land
- Real estate
- Real Estate Agent
- Real Estate Attorney
- Real Estate Broker
- Real Estate Investment Trust (REIT)
- Real estate sales professional
- Real Estate Settlement Procedures Act
- Real Property
- Realtor
- Recasting
- Recission
- Recorder
- Recording
- Recurring closing costs
- References
- Refinance Transaction
- Refinancing
- Rehab
- Rehabilitation Escrow Account
- Rehabilitation Mortgage
- Remaining Balance
- Remaining Term
- Remodeling
- Renegotiable Rate Mortgages (RRM)
- Rent
- Rent Loss Insurance
- Rent with Option to Buy
- Rentable area
- Repayment Plan
- Replacement Reserve Fund
- Repossess
- Restrictive covenants
- Reverse Annuity Mortgage
- Reverse Mortgage
- Revolving Liability
- RHS Loans
- Right of First Refusal
- Right of Ingress or Egress
- Right of Survivorship
- Right-of-way
- Riparian rights
- Risk Assessment (PHA)
- Rollover mortgage
- Run with the land
- Rural Development (RD)
- Rural Housing Service
- Sale cost
- Sale price
- Sale proceeds after tax
- Sale proceeds before tax
- Sale-Leaseback
- Sales agreement
- Sales comparison approach
- Savings and Loans
- Second Mortgage
- Secondary financing
- Secondary Mortgage Market
- Section
- Section 202
- Section 8
- Secured Loan
- Security
- Seller Take-Back
- Semi-detached house
- Senior mortgage
- Septic tank
- Servicer
- Servicing
- Setback
- Settlement
- Settlement attorney
- Settlement costs
- Settlement Sheet
- Shared Appreciation Mortgage (SAM)
- Simple interest
- Single-Family Properties
- Single-Room Occupancy (SRO)
- Site
- Site Appraisal and Market Analysis (SAMA
- Situs
- Small Business Administration (SBA)
- Special Assessments
- Special Deposit Account
- Special lien
- Special warranty deed
- Specifications
- Spot zoning
- Standard Payment Calculation
- Step up lease
- Step-Rate Mortgage
- Stud
- Subcontractor
- Subdividing
- Subdivision
- Subject property
- Subject-to purchase
- Sublease
- Subordinate
- Subordinate Financing
- Subsidized Second Mortgage
- Subsidy
- Supportive Housing Program (SHP)
- Surrender
- Survey
- Surveyor
- Sweat Equity
- Takeout commitment
- Tax
- Tax assessor
- Tax credit
- Tax deferred exchange
- Tax lien
- Taxes and Insurance
- Tenancy by entirety
- Tenancy by the Entirety
- Tenancy in Common
- Tenant improvements
- Tenant-Stockholder
- Term
- Term loan
- Termite Inspection
- Terms
- Third-Party Origination
- Three/two (3/2) option
- Thrifts
- Time value of money
- Time Value Of Money (TVM)
- Title
- Title Company
- Title Insurance
- Title search
- Title search or examination
- Topography
- Total Expense Ratio
- Total monthly debt
- Total monthly income
- Townhouse
- Tract
- Trade Equity
- Trade fixture
- Transfer of Ownership
- Transfer Tax
- Treasury Index
- Triple-net lease
- Trust deed
- Trustee
- Truth in lending act
- Truth-in-Lending
- Two- to Four- Family Property
- U.S. Department of Housing and Urban Dev
- U.S. Department of Veterans Affairs
- Underimproved
- Underwriting
- Unsecured credit
- Unsecured Loan
- Urban Development Action Grant (UDAG)
- Urban Homesteading
- Usable area
- Usury
- Usury laws
- VA (Veterans Administration) Loan
- VA loans
- VA Loans (Department of Veterans Affairs
- VA Mortgage
- Vacancy
- Valuable consideration
- Variable expenses
- Variable-Rate Mortgage (VRM)
- Variance
- Vendee
- Vendor
- Verification
- Vested
- Walk-Through
- Warranty
- Water rights
- What-If Scenario
- Will
- Wiring diagram
- Wraparound Mortgage
- Yield
- Zoning
- Zoning Ordinances
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