Home Buying Vocab

Front

Document proving property ownership.

Back

Title

Front

Document that transfers ownership.

Back

Deed

Front

Paperwork held by a third party until requirements are met.

Back

Escrow

Front

Legal agreement allowing use of land for a specific purpose.

Back

Easement

Front

Loan with constant interest and payments throughout its term.

Back

Fixed Rate Amortized Loan

Front

Member of national, state, and local board of realtors.

Back

REALTOR

Front

Licensed to assist in real estate transactions.

Back

Real Estate Agent

Front

An apartment you own.

Back

Condominium

Front

Usual house type.

Back

Single Family Home

Front

Home assembled on-site like a puzzle.

Back

Prefabricated Home