Real Estate beginner vocabulary

<p>Cooking</p> Signup and view all the answers

<p>Terrace</p> Signup and view all the answers

<p>Closing an opening</p> Signup and view all the answers

<p>The difference between market value and mortgage balance</p> Signup and view all the answers

<p>To verify the property's status before purchase</p> Signup and view all the answers

<p>Meeting criteria related to age, preservation, and history</p> Signup and view all the answers

<p>Expressing disagreement with the buyer's offer and proposing a new price</p> Signup and view all the answers

<p>A property acquired for generating income through renting</p> Signup and view all the answers

<p>Modern</p> Signup and view all the answers

<p>A prospective buyer who submits an offer after the current buyer withdraws</p> Signup and view all the answers

<p>A property that can be sold or achieved without restrictions</p> Signup and view all the answers

<p>A return to essential living with simple spaces and furniture</p> Signup and view all the answers

<p>A view on a lake</p> Signup and view all the answers

<p>Purchase and Sale Agreement</p> Signup and view all the answers

<p>To heat a room</p> Signup and view all the answers

<p>To receive mail</p> Signup and view all the answers

<p>Bannister</p> Signup and view all the answers

<p>To direct rainwater away from the building</p> Signup and view all the answers

<p>Heating and/or hot water system</p> Signup and view all the answers

<p>To act as a covered shelter</p> Signup and view all the answers

<p>A housing unit covering only part of a building</p> Signup and view all the answers

<p>To facilitate eating, writing, or working</p> Signup and view all the answers

<p>To carry out the property purchase on behalf of the buyer</p> Signup and view all the answers

<p>The property has a separation device surrounding it</p> Signup and view all the answers

<p>A bathroom connected to a bedroom</p> Signup and view all the answers

<p>A bathroom fixture with two sinks set within a single countertop</p> Signup and view all the answers

<p>The net value of a property, accounting for market value and mortgage balance</p> Signup and view all the answers

<p>Garage</p> Signup and view all the answers

<p>A body of still water formed naturally or artificially</p> Signup and view all the answers

<p>Desk</p> Signup and view all the answers

<p>A handrail by the staircase</p> Signup and view all the answers

<p>To protect the room from smoke from the fire</p> Signup and view all the answers

<p>To signal arrival of visitors outside</p> Signup and view all the answers

<p>An upper floor of a building</p> Signup and view all the answers

<p>A distance close to a specified key location that can be comfortably walked</p> Signup and view all the answers

<p>The sale occurs below the value necessary to clear the mortgage</p> Signup and view all the answers

<p>Generating quick offers and fast property transactions</p> Signup and view all the answers

<p>Promoting clutter-free living spaces</p> Signup and view all the answers

<p>The total number of days a property has been listed for sale</p> Signup and view all the answers

<p>Holding funds or assets in trust until all conditions are met</p> Signup and view all the answers

<p>Original and charming</p> Signup and view all the answers

<p>The upper part of a room constructed with wood beams</p> Signup and view all the answers

<p>A property purchased as a means to generate income, such as through renting</p> Signup and view all the answers

<p>Investment Property = Acquisition of a property not for living but for generating income Lakefront = Real estate with a view on a lake Modern = Style of dwelling made with specific materials and environmental standards Minimalist = Return to essential living spaces with simple colors and furniture</p> Signup and view all the answers

<p>Escrow Holder = Person entrusted with property in trust to ensure trust deed clauses are respected Days on the Market = Length of time from listing a property for sale to signing a contract Quaint = Property referred to as original, often old and different from current styles Back Up Offer = Prospective buyer submitting an offer in case the current buyer withdraws</p> Signup and view all the answers

<p>Real Estate Agent = Represent two or more parties as intermediary in real estate transactions Purchase and Sale Agreement = Closes real estate transaction followed by property handover Real Estate Market = Market for over-the-counter real estate transactions between owners and buyers Alluring = Real estate property appealing to prospective buyers by charm and qualities</p> Signup and view all the answers

<p>Buyer’s Agent = Intermediary between parties for real estate purchase Double Vanity = Bathroom fixture with two sinks Equity = Net value of real estate Ensuite bathroom = Bathroom directly connected to a bedroom</p> Signup and view all the answers

<p>Counter offer = Seller's new price offer after buyer's disagreement Fenced = Property surrounded by a separation device Due Diligence = Buyer's period for property checks before sale Historical = Property meeting aging, preservation, and history criteria</p> Signup and view all the answers

<p>As-is = Property sold without repairs or alterations Conventional Sale = Sale of freehold property without remaining mortgage Beach front = Property located next to the beach Affordable = Property priced within budget</p> Signup and view all the answers

<p>Tenant = A person occupying a dwelling in exchange for a rent payment to the owner Baseboard = A wall band used to protect its base and cover the meeting point with the ground Fireplace = Place where the fire is situated, usually at the base of the chimney Sofa/Couch = A long upholstered seat with a back and arms, for two or more people</p> Signup and view all the answers

<p>Porch = A covered shelter projecting in front of the entrance of a building Deck = An open space that may or may not be tied to a building, made of various materials Gated = Designed to restrict entrance usually by means of physical barriers and controlled gate Roof = The top part of the building that protects it from weather elements</p> Signup and view all the answers

<p>Table = A piece of furniture with a flat top and one or more legs, used for various activities Carpet = A floor covering made from thick woven fabric Rug = A floor covering typically made of thick woven material or animal skin that does not cover the entire floor area Curtains = Pieces of material suspended at the top to form a screen, typically found at windows</p> Signup and view all the answers

<p>Boiler = Provides heating and/or hot water in a home through various types of systems Ceiling = The upper part of a property that borders its interior space Letterbox - Mailbox = A hole in the door covered by a metal flap for letter deliveries Radiator = A hollow metal device connected to central heating system to heat a room</p> Signup and view all the answers

<p>Buying a Property = Becoming the owner after paying the cost bid by the seller Renting a Property = Granting use in return for regular payment while remaining the owner Walking Distance = Being close to a specified key location Well-Priced = Price below real value benefiting the buyer</p> Signup and view all the answers

<p>Ceiling Fan = A fan mounted on the ceiling of a room Table Lamp = A small lamp designed to stand on a table Armchair/Easy Chair = A big, soft, comfortable chair with arms Coffee Table = A small, low table</p> Signup and view all the answers

<p>Oven = Chamber for baking, roasting, heating Refrigerator = Keeps food cold Washing Machine = Used for laundry Chest Freezer = Freezes food for storage</p> Signup and view all the answers

<p>Shed = Used for garden storage or as a workshop Greenhouse = Glass building for growing plants Garage = Houses a motor vehicle Patio = Paved outdoor area adjoining a house</p> Signup and view all the answers

<p>Wallpaper = Paper pasted on walls for decoration Garden Furniture = Furniture placed in a garden Gravel = Loose stones used for pathways or landscaping Pond = Small body of water for aesthetic purposes</p> Signup and view all the answers

<p>Bedside Table = Small table beside a bed Desk = Furniture with flat or sloping surface for work Sideboard = Flat-topped furniture piece for storage TV Stand = Supports television and media components</p> Signup and view all the answers

<p>Hedge = Boundary formed by growing bushes or shrubs Path = Way or track laid down for walking Gate = Hinged barrier used to close an opening Lawn = Area of regularly mown grass in a garden</p> Signup and view all the answers

<p>Household = All inhabitants of a dwelling, regardless of family ties, main residence Offer = Legal act where buyer expresses willingness to purchase at a given price FHA Loans = Loans by Federal Housing Administration with competitive rates and lower costs Back Up Offer = Prospective buyer submitting an offer in case current buyer withdraws</p> Signup and view all the answers

<p>Armchair/Easy chair = Big, soft, comfortable chair with arms Coffee table = Small, low table usually placed in a living room Sideboard = Flat-topped furniture piece for storing crockery and glasses Desk = Piece of furniture with a surface for reading, writing, or work</p> Signup and view all the answers

<p>Flat = Housing unit covering only a part of a building, most often located in a city Cottage = Stocky mountain dwelling mainly made of wood with loggias and oversized roof Gated = Designed to restrict entrance usually by physical barriers and private security force Deck = Open space that may or may not be tied to a building, made of various materials</p> Signup and view all the answers

<p>Walking Distance = In close proximity to a specified key location. Well-Priced = Price of property below its real value benefiting its buyer. Downstairs = Situated on main, lower or ground floor. Upstairs = Situated on an upper floor.</p> Signup and view all the answers

<p>X-Car Garage = Reference to garage that can house several cars in real estate sale's advertisement. Accomodation = Act of housing an individual under one's roof, providing food and lodging for a guest temporarily. Buying a Property = Becoming owner after paying cost bid by seller. Selling a Property = Transaction transferring ownership of real estate to another person in exchange for payment.</p> Signup and view all the answers

<p>Stairs/Staircase = Set of steps leading from one floor to another inside building. Bannister = Handrail by staircase. Ceiling = Borders upper part of property. Doorbell = Bell rung by visitors outside building.</p> Signup and view all the answers