glossary

Congratulations, you’ve found a buyer! But before you celebrate, there’s an important part of the closing process you need to pass: the final walkthrough. The final walkthrough isn’t a full-fledged home inspection, but if the buyer finds issues during the process it could complicate things. Your seller duties are still in play here, so be […]

In the process of buying or selling a home, you’ll frequently come across the term “MLS.” The Multiple Listing Service (MLS) is a group of regional databases of homes for sale accessible only to real estate agents and brokers. Their ability to access the MLS makes it easier for buyers to find the right home […]

Different real estate transactions have different conditions based on the status of the listing. The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, understanding this terminology will inform your conversations with your agent when it comes time […]