Housing Terms 101 for First Time Homebuyers and Real Estate – Local Records Office

Local Records Office – First homebuyers often find themselves in unfamiliar territory when purchasing property. Between loan applications, credit checks and the protocol for viewing properties and making offers, purchasing real estate is a world of its own says,Local Records Office. One of the biggest areas of confusion comes down to terminology. Realtors, lenders, builders and the like seem to have their own language, which can be confusing to an outsider. More importantly, it can be costly.

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Many of the housing terms first homebuyer hear end up costing money. Fees, taxes and insurance come in many forms and they all spell greater cost for the buyer. Brush up on these terms so you understand what is going to cost you money and why. An informed purchaser is a confident purchaser.

These are the Terms You Should Know

Local Records Office says, “Here are some terms you’ll need to understand during your home-buying process. There are many, many real estate terms that you’ll become familiar with; here, we’ve focused on terms that have some kind of cost to the buyer associated with them”.

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