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  • September 3, 2010

Real Estate Dictionary

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You are here: Home / Real Estate Terms / S

S

Sacrificial Anode

A metal rod inserted into a water heater to extend the life of the tank. …
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Sale-Leaseback

A real estate transaction in which the buyer leases back the property to the seller for a specific period of time. Also called seller rent-back. …
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Sales Concession

A cost paid by the seller, even though the cost is customarily paid by the buyer. …
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Sales Contract

A contract signed by the buyer and seller that details the terms of a home purchase. …
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Saltbox Style

A design that dates to colonial times and takes its name from the shape of saltboxes. …
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Sanitary Sewer

The drain line in a house that carries away wastewater to a municipal sewer system or a septic system. …
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Sash

One of two windows in a double-hung window. …
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Schematic Designs

Renderings of floor plans and the exterior of a house. …
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Sconce

A wall-mounted light fixture. …
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Second Mortgage

A second loan placed upon a piece of property. A mortgage registered against real property which is already encumbered with one mortgage. Date and time of registration determines which is first and which is second. …
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