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  • September 3, 2010

Real Estate Dictionary

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You are here: Home / Real Estate Terms / W

W

Wainscoting

Wood paneling, tongue-and-groove boards, or similar material installed between a baseboard and a chair rail. …
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Waiver

A voluntary relinquishing of certain rights or claims. …
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Walk-Out Basement

A feature that allows a door to open onto ground level. …
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Walk-Through

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

Sheets of compacted gypsum with a paper exterior. Also known as dry wall, sheetrock, gypsum board, and plaster board. …
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Warehouse Fee

A closing-cost fee representing the lender's cost of holding a borrower's loan temporarily before it is sold on the secondary mortgage market. …
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Warranty

A legally binding promise to do something in the future. …
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Water Table

The level at which the ground is saturated with water. …
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Watt

The unit used to measure the rate at which a device consumes electricity. …
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Weather Stripping

Individual lengths of rubber or plastic used to plug air leaks around doors and window frames. …
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