This usually is because there is a shortage of desirable homes to live in and there are too many potential buyers on the hunt for the right one. Seller’s Market : A Seller’s Market describes a period in time where it is better to be someone selling one’s home rather than attempting to buy one. Realtor : A true realtor should be a member of the National Association of Realtors (NAR). Real estate agent : A real estate agent will be a state-licensed professional like Shawn Manderscheid who can help you throughout the home buying and selling process.
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Therefore, there is a better chance of getting an amazing home for a low or fair price.īroker : A real estate broker is someone who has acquired their broker license and represents the seller or buyer of a real estate property.Ĭlosing : Closing is good news! Closing means ownership of a property has officially changed hands. This means there are plenty of homes for sale in the region in which they are looking. īuyer’s Market : A Buyer’s Market is going to be ideal for someone who is looking to buy a house. Stay in the loop with this simple guide on real estate slang phrases and terminology. While real estate agents deal with the process of buying and selling a home every day, the average person can get lost in all of the words and terminology that’s being tossed around. The world of real estate is confusing for a number of reasons. Septem| Paula Hines Understanding Real Estate Terminology
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