TOPICAL REAL ESTATE DICTIONARY

Top 20 Terms
Agents
Buying
Closing
Contract
Credit
Inspection
Law
Financing
Selling
Taxes/Insurance

Inspection

asbestos
A fire-resistant mineral used for insulation and home products that has been found to pose a health hazard.

dry rot
A fungal decay that causes wood to become brittle and crumble.

disclosure
A statement to a potential buyer listing information relevant to a piece of property, such as the presence of radon or lead paint.

home inspection
An examination of a home's construction, condition, and internal systems by an inspector or contractor prior to purchase.

pest-control inspection
A common pest-control inspection is a termite inspection, which is required in some states, such as California.

radon
A ground-generated radioactive gas that seeps into some homes through sump pumps, cracks in the foundation and other inlets. A serious health hazard.

walk-through
A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.