Sometimes it can be hard to understand what real estate agents are on about! There are lots of terms that are used that may be hard to understand if you’re unfamiliar with the workings of real estate.
So before you go to buy or sell real estate it is a good idea to familiarise yourself with the most used real estate terms, to help make your property transactions much easier.
I have found a great article on finance.ninemsn.com.au with a glossary of basic real estate terms that provides a useful point of reference.
If there are any terms that the article has missed then please feel free to leave a comment and I’ll answer them for you.