The Meanings Behind Common Real Estate Terms
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Loading... - Joojo Agyapong
- 30 Aug 2022
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DOM, EMD, contingency, stale listing, and other housing market lingo.
Here’s a breakdown of some of the other common words, phrases, and acronyms you may come across while scouring listings for your new home (or doing some escapist browsing of properties you could never afford).
Meanings of common real estate terms and acronyms
If you find yourself skipping over the jargon in real estate listings, you could be missing out on some crucial information about the property. Here are a few definitions that could help:
- As-is: The home needs repairs and/or renovations that the seller will not complete before or as part of the sale
- Comps: Homes/properties that have recently sold, and are comparable to one that is currently on the market in terms of location, size, and type; helps realtors/buyers set the asking price of a home. Read More...
