Learning how to speak real estate is like learning how to speak a new language.
There are seemingly countless never-before heard terms that you encounter on a regular basis that always leave you puzzled. But when you’re wanting to sell your home, knowing real estate terminology will keep you in the loop when you’re selling your home.
To make it simple, here’s a guide to some of the most common terms we are asked to explain:
Real Estate Terminology 101
APS (Agreement of Purchase and Sales)
After you’ve found a buyer for your home, you will be required to fill out an agreement of purchase and sales. This is a legally binding contract that spells out all the conditions of the sale of your home. In going through this…