Glossary

A professional, licensed estimate of a property's market value, typically required by lenders to ensure the loan amount doesn't exceed the home's worth. Read more

The final step in a real estate transaction where ownership officially transfers from seller to buyer, documents are signed, and funds are disbursed. Read more

Fees paid at closing (typically 2–5% of purchase price) including title insurance, appraisal, attorney fees, loan origination, and transfer taxes. Read more

A condition that must be met for a sale to proceed, such as financing approval, home inspection results, or the sale of the buyer's current home. Read more

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