Explaining some of the confusing real estate terms for sellers.
Have you ever tried to enter a real estate transaction but have been very confused by some of the terms? As real estate professionals, we are used to all of these complicated terms, so oftentimes, we don’t slow down and explain them as we should. To help with this, today, I am defining a few terms that sellers need to know before they enter the listing process.
Hear all of the terms in the video above or skip to specific ones using these timestamps:
0:00 — Introduction
0:30 — The different roles of the two agents
1:01 — Using the MLS
1:29 — HOAs and covenants
2:30 — The Seller’s Property Condition Disclosure
3:14 — Listing procedures
4:09 — The due diligence period
4:47 — A home-sale contingency
5:08 — The closing process
5:23 — Wrapping up
If there are any other terms that you’ve ever come across and still have questions about, feel free to reach out to me. I’d love to be able to talk to you about it, so call or email me anytime. I look forward to hearing from you!
