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Real Estate Glossary

What Does Escrow Mean and How Does It Work in Real Estate?

During a transaction that requires a substantial amount of money, like a real estate purchase, it's essential to trust the person on the other side of the deal. The concept of escrow can help minimize risk during these large transactions and allow buyers and sellers...
What is an Inspection Objection?

What is an Inspection Objection?

So you just had your inspection.  Be prepared, because there will undoubtedly be a few things that show up on your Inspection Objection (sometimes referred to as the Inspection Notice) that your buyers want you to fix.  This is normal, so take a deep breath...

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What is Included in a Home Appraisal?

What is Included in a Home Appraisal?

By now, you hopefully know that a home appraisal is an important part of the home buying and selling process and what happens on a home appraisal. But what is included in the home appraisal? The final report will generally cover the following items: Size and condition...

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How is a Home Appraisal Done?

How is a Home Appraisal Done?

Now that you know what a home appraisal is, you're probably wondering how is a home appraisal done? An appraiser is required to take several steps to determine a property’s value. He or she will visit the property in-person and review recent sales of comparable homes....

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What is Building or Dwelling Coverage and Do I Need it?

What is Building or Dwelling Coverage and Do I Need it?

As a homeowner, it is important to understand and obtain homeowners insurance. It's not hard to get a homeowners insurance policy. Most people get one when you close escrow on a new home. The first item you will probably see in your policy is a line item called...

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The Origin of the Master Bedroom

The Origin of the Master Bedroom

We all dream of an amazing master bedroom, but the masters we see today, with large walk-in closets and double-sink vanities haven't always been that way. They have only risen to popularity within the last fifty years. But when did master bedrooms start being a...

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What Makes a Room a Bedroom?

What Makes a Room a Bedroom?

The number of bedrooms in a home can greatly impact the value of a home. So what actually makes a room a bedroom? Is it a room with a bed or something more? Let's start at the beginning. . .  What is the Legal Definition of a Bedroom? The legal definition of a...

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