homebuying
Acquiring a residence
Homebuying is the process of purchasing a house or other residential property.
The term treats the entire endeavor—searching, financing, negotiating, and closing—as a single activity: Homebuying in this market requires patience and flexibility.
Often used as a modifier: homebuying tips, the homebuying process, first-time homebuying.
Final stage of something
- escrowConditional third-party deposit
- offerProposal to provide
- agentOne who acts independently
- brokerTransaction intermediary for hire
listing · negotiation · bid · contingency · contract · seller · realtor · counteroffer
Secured home loan
- loanBorrowed money repaid later
- lenderOne who loans money
- interestAttention, stake, or fee
- amortizationGradual debt reduction schedule
preapproval · credit · downpayment · principal · rate · term · qualification · borrower
Formal assessment of condition
- appraisalEstimation of worth
- acreageAmount of land owned
- dwellingPlace of residence
- estateProperty and grounds
foundation · land · neighborhood · parcel · structure · lot · zoning · fixer-upper
Impartial treatment or ownership value
- appreciationRecognition of worth
- wealthAbundance of valuable resources
- capitalWealth used for investment
- assetsOwned items of value
return · growth · portfolio · diversification · flip · resale
Written property conveyance
- titleFormal honorific or name
- freeholdPermanent property title
- tenureProtected employment status
- homesteadFamily farm and dwelling
proprietorship · inheritance · occupancy · leasehold · conveyance · encumbrance · lien · easement
closing
Final stage of something
broker · listing · negotiation · bid · contingency · contract · seller · realtor · counteroffer · walkthrough
mortgage
Secured home loan
amortization · preapproval · credit · downpayment · principal · rate · term · qualification · borrower · refinance
inspection
Formal assessment of condition
estate · foundation · land · neighborhood · parcel · structure · lot · zoning · fixer-upper · turnkey
equity
Impartial treatment or ownership value
- appreciationRecognition of worth
- wealthAbundance of valuable resources
- capitalWealth used for investment
assets · return · growth · portfolio · diversification · flip · resale
deed
Written property conveyance
homestead · proprietorship · inheritance · occupancy · leasehold · conveyance · encumbrance · lien · easement
- milestonesgraduation, wedding, birthday, retirement, birth
homebuyingrenting
Paying for temporary use
leasing · subletting · couch surfing · homelessness · house-sitting
home, buying, buy, homes, homed, homing, homely, homeliness, homeless