Home Buyer Terms

3. Your very long-term relationship with the bank.
4. When your house gets more valuable while you’re busy living in it.
5. “We accepted your offer… but don’t celebrate yet.”
7. A house officially on the market and ready for its close-up.
11. When your house decides to become less valuable. Rude.
14. The big finale: sign a mountain of papers and get the keys.
16. Nearby homes that help determine what your house is worth.
17. The percentage the bank charges for letting you borrow its money.
18. A professional search for everything you didn’t notice during the showing.
20. The basement’s little superhero that fights unwanted water.
22. The buyer’s “I’m serious!” money.

1. The big chunk of cash you put down to buy the house.
2. Your contract’s “just in case” clause.
4. When a professional decides what the house is actually worth. No pressure.
6. Where money waits safely until everyone is ready to close.
8. The official record showing who owns the property.
9. One last peek to make sure the house still looks like the house you bought.
10. The group that makes the neighborhood rules. Yes, they have rules about that.
12. The part of the house that belongs to you—not the bank.
13. A Realtor’s educated guess at what your home should sell for.
15. A tiny camera sent on a very important trip through your sewer.
16. The fees that appear after you thought you already paid for the house.
19. The document that officially says, “This house is yours.”
21. The extra monthly fee for putting less than 20% down.