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.
Definition: capital gains tax Capital gains tax is the amount of money taxed on a capital gain.
Definition: capital gains Capital gains are the profits from the sale of a property or an investment.
Definition: buyer's agent A buyer's agent is a person who represents a buyer when they purchase a home.
Definition: assessed value Assessed value is the dollar value assigned to a property to measure taxes.
Definition: asset appreciation Appreciation is the increase in value of an asset over time.
Definition: accrued interest Accrued interest is the interest on a bond or loan that has accumulated since the principal investment.