homebuyer
House purchase person
A homebuyer is a person purchasing a house or apartment, especially for the first time.
The term appears frequently in real estate contexts: first-time homebuyers, homebuyer assistance programs.
Rising interest rates have priced many homebuyers out of the market.
Recorded item in catalog
- inspectionFormal assessment of condition
- agentOne who acts independently
- realtorLicensed property seller
- offerProposal to provide
negotiation · appraisal · bid · MLS · showing · walkthrough · disclosure · counteroffer
Initial payment toward purchase
- creditRecognition or payment deferral
- affordabilityState of being purchasable
- budgetPlan for spending
- savingsAccumulated money kept
FHA · conventional · jumbo · debt-to-income · reserves · earnest-money · contingency
Borrowed money repaid later
- lenderOne who loans money
- preapprovalAuthorization before final commitment
- amortizationGradual debt reduction schedule
- escrowConditional third-party deposit
underwriting · refinance · foreclosure · principal · rate · term · interest · borrower
Formal honorific or name
- deedWritten property conveyance
- freeholdPermanent property title
- leaseholdRented property interest
- conveyanceTransfer of property rights
inheritance · domicile · possession · closing · settlement · transfer · encumbrance · lien
Impartial treatment or ownership value
- appreciationRecognition of worth
- capitalWealth used for investment
- assetItem of value owned
- marketVenue for trade
valuation · return · growth · leverage · resale · flip · ROI · comparables
Residential area nearby
- suburbOutlying residential district
- townhouseAttached multi-floor urban residence
- condominiumOwned unit, shared grounds
- single-familyFor one household only
bungalow · cottage · duplex · ranch · colonial · fixer-upper · resale · commute
Planned sequence of actions
- grantBestow or award money
- assistanceSupport or aid given
- educationSystematic development of mind
- counselingProfessional guidance for problems
HUD · eligibility · workshop · subsidy · nervousness · milestone
listing
Recorded item in catalog
- inspectionFormal assessment of condition
- agentOne who acts independently
- realtorLicensed property seller
offer · negotiation · appraisal · bid · MLS · showing · walkthrough · disclosure · counteroffer · contingency
downpayment
Initial payment toward purchase
- creditRecognition or payment deferral
- affordabilityState of being purchasable
- budgetPlan for spending
savings · FHA · conventional · jumbo · debt-to-income · reserves · earnest-money · contingency
loan
Borrowed money repaid later
- lenderOne who loans money
- preapprovalAuthorization before final commitment
- amortizationGradual debt reduction schedule
escrow · underwriting · refinance · foreclosure · principal · rate · term · interest · borrower · debt
title
Formal honorific or name
conveyance · inheritance · domicile · possession · closing · settlement · transfer · encumbrance · lien · easement
equity
Impartial treatment or ownership value
- appreciationRecognition of worth
- capitalWealth used for investment
- assetItem of value owned
market · valuation · return · growth · leverage · resale · flip · ROI · comparables · bubble
neighborhood
Residential area nearby
- suburbOutlying residential district
- townhouseAttached multi-floor urban residence
- condominiumOwned unit, shared grounds
single-family · bungalow · cottage · duplex · ranch · colonial · fixer-upper · resale · commute · curb-appeal
program
Planned sequence of actions
- grantBestow or award money
- assistanceSupport or aid given
- educationSystematic development of mind
counseling · HUD · eligibility · workshop · subsidy · nervousness · milestone
- real estatehouse, apartment, property, sale, rent
- buyerspurchasers, purchaser, shopper, consumer, customer
- new home salesmove-in ready, new construction, subdivision, housing development, design center
- loan partiesborrower, lender, cosigner, creditor, debtor
- policyholderspolicyholder, beneficiary, claimant, annuitant, subscriber
homebuyerseller
One who trades goods
vendor · landlord · house flipper · flipper · real estate investor