Glossary terms related to Real Estate in Sales.
The rate at which available homes are sold in a specific real estate market over a given time period.
Capitalization rate, a metric used to evaluate the return on investment for income-producing properties.
The maximum loan amount that can be backed by Fannie Mae or Freddie Mac under federal lending guidelines.
A financial metric used by lenders to determine if a property’s income is sufficient to cover its loan payments.
When a real estate agent or brokerage represents both the buyer and seller in a transaction.
A deposit made by a buyer to demonstrate serious intent to purchase a property, typically held in escrow.
A clause in a purchase contract that allows the buyer to automatically increase their offer if competing bids arise.
Funds held in escrow after closing to cover outstanding repairs or contractual obligations.
An arrangement where the seller of a property leases it back from the buyer after closing.
A financial term that compares the amount of a mortgage loan to the appraised value of the property.
A property for sale that is not publicly listed on the MLS, often marketed privately by real estate agents.
Homes that are in foreclosure or owned by lenders but not yet listed for sale.
A clause that allows a buyer to back out of a real estate deal if there are title-related issues.
A process where a lender evaluates a buyer’s financial status to approve a mortgage loan.
A real estate investment strategy where a buyer contracts a property at a lower price and assigns it to another buyer for a profit.
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