Common Real Estate Terms

Click on the term below for a definition

Closing Statement
Commitment Letter
Comparables (Comps) or Comparative Market Analysis
Contingency
Counter-offer
Deed in Lieu of Foreclosure
Deficiency Judgment
Discount Points
Down Payment
Dual Agent
Due Diligence/Due diligence fee
Earnest Money Deposit
Executed Contract
Foreclosure
Good Faith Estimate
Pre-Approval
Pre-Qualification
Underwriting
Sellers agent
Buyers agent
Dual Agency
Back up offer