Real Estate Vocabulary Words for Beginners Quiz

<p>Selling a freehold property with no remaining mortgage</p> Signup and view all the answers

<p>Disagreeing with the buyer's offer and proposing a different price</p> Signup and view all the answers

<p>Properties for sale or rent below-market rate for low-income households</p> Signup and view all the answers

<p>Emphasizing simplicity in living spaces</p> Signup and view all the answers

<p>It is original and different from current properties</p> Signup and view all the answers

<p>It involves selling a property below its value or mortgage payoff funds</p> Signup and view all the answers

<p>A type of enclosure surrounding a house with a large gate</p> Signup and view all the answers

<p>It is below its real value, providing benefits to the buyer</p> Signup and view all the answers

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

<p>To ensure that all conditions of the trust deed are met</p> Signup and view all the answers

<p>The length of time a property is listed for sale until a buyer signs a contract</p> Signup and view all the answers

<p>A property surrounded by barriers to prevent intrusion</p> Signup and view all the answers

<p>To use technology to quickly make an offer on a home</p> Signup and view all the answers

<p>By meeting criteria such as aging, good preservation, and significant history</p> Signup and view all the answers

<p>Secure and private, protected from external intrusion</p> Signup and view all the answers

<p>No more than 5 years ago, never sold by its first owner, and never lived in</p> Signup and view all the answers

<p>'The net value of real estate'</p> Signup and view all the answers

<p>Affordable Housing = Housing for sale or rent, available at below-market rate As-is = May mean to sell the estate in the state it is at a given time Beach front = A property facing and overlooking the sea Counter offer = An act in which a seller expresses disagreement with the buyer's offer</p> Signup and view all the answers

<p>Due diligence = A period of time given to the buyer for necessary checks before closing the sale Ensuite bathroom = A bathroom that opens directly into a bedroom as a suite of rooms Household = All inhabitants of the same dwelling, regardless of family ties Real estate agent = Represents two or more parties in real estate transactions</p> Signup and view all the answers

<p>Fenced = Property surrounded by a separation device for protection Lake front = Real estate with a view on a lake Intimate = Secure private property protected from the outside environment Modern = Dwelling made with specific materials and environmental standards</p> Signup and view all the answers

<p>Accommodation = Act of housing an individual under one’s roof Owner = Someone who owns a legally held good Tenant = A person occupying a dwelling in exchange for rent payment Renting a property = Granting the use of a dwelling in return for regular payment</p> Signup and view all the answers

<p>Minimalist = Return to essential, simple living spaces and furniture Short sell = Sale concluded below property value or mortgage funds Termite report = Diagnosis on existence of termites in dwelling X-car garage = Garage capable of housing multiple cars</p> Signup and view all the answers

<p>To highlight the spaciousness of the garage for multiple cars</p> Signup and view all the answers

<p>It requires extra safeguards due to selling below its value</p> Signup and view all the answers

<p>The proximity of amenities like schools and hospitals</p> Signup and view all the answers

<p>It finalizes the real estate transaction and facilitates the handover of the property</p> Signup and view all the answers

<p>The property has appealing charm and qualities to attract buyers</p> Signup and view all the answers

<p>A ceiling featuring traditional wooden structures</p> Signup and view all the answers

<p>'Buy-and-hold' strategies aimed at generating income through renting or leasing</p> Signup and view all the answers

<p>Historical = Property must have aging, good preservation, significant history As-is = Refers to property being sold without any changes or repairs Household = All inhabitants of same dwelling, regardless of family ties Ibuyer = Company handling entire process of buying, renovating, reselling property</p> Signup and view all the answers