No. 2: ‘7 terms every homebuyer should know’

Portrait of a relaxed young couple using a laptopNumber two on our Top-10 most popular articles of 2012 is “7 terms every homebuyer should know.”

Publish date: Feb. 06, 2012
Written by: Michele Lerner

Excerpt:

When buying a home, understanding your contract is one of the most important protections you have to ensure you make an informed decision.

As with everything else about real estate, sales contracts or purchase agreements vary from state to state — and even by real estate company in some places. Variations in regulations place even greater emphasis on working with professionals with local knowledge.

While the terms used may change from place to place, there are seven common terms that are particularly important for you to understand.

Click here to read the entire article.


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