Definition: closing costs Closing costs are the fees paid at the time of the closing of a real estate transaction.
Definition: rent (verb) To pay someone for the use of something or occupancy of somewhere.
Definition: property tax A property tax is a levy on the value of the property by government authority.
Definition: (home) buyer A home buyer is a person who is looking to purchase a new home.
Definition: (home) seller A (home) seller is the person who puts a home on the market for sale.
Definition: property address The property address is a way to define or pinpoint where a piece of property is located.
Definition: escrow Escrow is the monetary assistance offered by a third-party on behalf of the transacting parties.
Definition: earnest Earnest, or earnest money, is an amount of money paid to confirm a contract.
Definition: closing Closing is the final step in a real estate transaction, also known as a completion or settlement.