Learning Real Estate Lingo

In the home buying process, there are all sorts of new terms that get tossed around. Do you understand what all of these terms mean and how it pertains to your home purchase? Angie is going to help you with the lingo you often hear in real estate.

 

Read more and get additional resources here: https://www.acolerealty.com/blog/learning-real-estate-lingo/ 

 

Today's rundown: 

0:38 - What are important real estate terms to know?

1:41 - What is an appraisal?

6:02 - What is an ARM vs. a fixed mortgage?

8:31 - What are closing costs?

10:10 - Is “as is” a bad term?

12:24 - What does DOM and CDOM mean?