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Here are 15 real estate terms you need to know. Real Estate Agent Professional who represents the seller (listing agent) or buyer (buyer’s agent) in a real estate transaction.
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From mortgages to credit scores, Carmen Perez breaks down the things you need to know before buying your first home. Skip to main content. Finance. Need help? Call us! 800-290-4726. Login / Join ...
"Getting on to the property ladder" is the process of buying one's first house and holding a place on the property market. The Oxford English Dictionary traces use of the phrase "property ladder" back to 1941 in the journal Eugenics .
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
In finance, flipping is the practice of purchasing an asset and quickly reselling (or "flipping") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit.
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A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.