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Home Selling Terms You Need to Know

by _ SandKeyRealtor.com _ 01/08/2019

Do you know home selling lingo? If not, miscommunications may arise that prevent you from maximizing the value of your house. Perhaps even worse, you risk making poor home selling decisions due to the fact that you don't fully understand the real estate terms included in a home sale agreement.

Fortunately, we're here to bring clarity to assorted home selling terms that you may encounter as you proceed along the home selling journey.

Let's take a look at three common home selling terms that every property seller needs to know.

1. Depreciation

Over time, the value of your home may deteriorate due to age, wear and tear and other problems. This is referred to as "depreciation," and depreciation ultimately may impact your ability to get the best price for your house.

To find out how much your house's value has depreciated, it may be worthwhile to conduct a home appraisal before you list your residence. That way, you can analyze your house's strengths and weaknesses. You also can uncover innovative ways to boost your home's appearance both inside and out, thereby ensuring you can set the optimal initial asking price for your residence.

2. House Closing

A house closing refers to the final transfer of ownership from home seller to homebuyer. Thus, once you and a homebuyer are ready to dot the I's and cross the T's on a home sale agreement, you'll complete the house closing process.

During a house closing, all terms of a contract between a home seller and homebuyer must be met. Moreover, the home deed will be recorded, and the house will finally be sold.

The house closing is a key part of the home selling cycle. At this point, a home seller will receive final payment for a house and transfer ownership of the property to the buyer.

3. Real Estate Agent

A real estate agent plays a pivotal role in the home selling process, and for good reason. If you hire an expert real estate agent, you should have no trouble navigating the home selling journey.

Typically, a real estate agent handles all of the tasks associated with listing and selling a house. This housing market professional will help you promote your residence to potential homebuyers, host open houses and home showings and even negotiate with homebuyers on your behalf. Plus, if you receive an offer on a home, a real estate agent can offer honest, unbiased recommendations about whether to accept or reject the proposal.

You don't need to look far to find a qualified real estate agent in your area, either.

Real estate agents are employed across the United States. In fact, if you interview multiple real estate agents in your area, you can find a real estate agent who makes you feel comfortable and confident about selling your house.

Allocate the necessary time and resources to learn various home selling terms. With a clear understanding of home selling terms, you can avoid potential pitfalls throughout the home selling journey.

About the Author

Author
_ SandKeyRealtor.com _
NEHAD ALHASSAN - REALTOR® PRIDE, PASSION, & PERFORMANCE Nehad Alhassan is a lifelong resident of the Clearwater/Tampa Florida area. He is passionate about serving his clients Real Estate needs with Legendary Customer Service! His focus is on Residential and Commercial properties. Nehad’s is a master marketer and has been featured on many local television and radio shows. One of his spectacular listings is located at 120 Gulf Blvd on Belleair Beach, FL. This home is a Frank Lloyd Wright, student inspired creation, at 4 Million Dollars near Clearwater Beach. Nehad worked with the property owner and received tremendous new coverage when the owner and he decided to utilize a new way of buying and selling real estate utilizing Bitcoin. Nehad is an expert in Technology. His technology and business acumen serve him well by helping clients in buying and selling property. His expertise is in Internet marketing, social media, and computer technology give him the edge in the internet age. Nehad markets properties, locally, nationally, and globally with topnotch proficiency. Nehad received world class training and skills while working at JP Morgan Chase one of the largest banks in the United States. He also worked at Telecom giant Verizon in their IT department. Not only is he a licensed real estate agent in Florida, he is a Crypto Currency Security Expert in Bitcoin. Nehad is prepared and poised to help you with all your Real Estate needs now and into the future! ________________________________________________________________________________________________________________ SEAN M. CAVANAGH, MBA REALTOR® PRIDE, PASSION, & PERFORMANCE 724-322-2396 [email protected] Sean Cavanagh is originally from Pennsylvania. Born in Philadelphia and grew up in Pittsburgh, PA. He located to Tampa & Clearwater due to the fact that it’s one of the best places in the world to conduct business. It also has some of the most spectacular sunsets in the world on the Gulf of Mexico. He graduated from California University of PA with his MBA. He served in the US ARMY and is Honorably Discharged. He is a student of History, Motivation, and Leadership and has traveled extensively throughout the world. He works with the Medical Community, Startups, Franchises with their marketing and advertising campaigns. He was the catalyst for the most successful business park in the history of his hometown of Uniontown, PA. He is passionate about serving his clients Real Estate needs with Legendary Customer Service! His focus is on Residential and Commercial properties. Sean markets properties, locally, nationally, and globally with topnotch proficiency and execution.