141 Real Estate Terms and Definitions to Know
basicsConfused by real estate jargon? Decode the industry's secret language!
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- 1
1031 Exchange: Defer Capital Gains
Investors defer taxes by reinvesting in similar property.
- 2
Acceleration Clause: Loan Repayment Demand
Lender can demand full repayment if terms unmet.
- 3
Active Contingent: Offer with Conditions
Sale pending on fulfilling specific contingencies.
- 4
ARM: Fluctuating Interest Rates
Interest rates adjust based on market changes.
- 5
Appraisal: Home Value Estimate
Determines loan amount; negotiate if low.
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