Real Estate Blog
Clear, practical guides to the ideas behind the definitions.
31 guides, newest first.
-
Contingent vs Pending: What Is the Difference? Contingent means the seller accepted an offer but conditions remain unmet; pending means contingencies are satisfied and the sale is awaiting closing.
-
What Does Contingent Mean in Real Estate? In real estate, contingent means the seller accepted an offer but the sale depends on conditions, called contingencies, being met before closing.
-
Grantor vs Grantee: What Is the Difference? The grantor is the party giving away an interest in property; the grantee is the party receiving it. In a normal home sale the seller is the grantor and the…
-
Deed vs Title: What Is the Difference? A deed is a physical legal document that transfers ownership. Title is the legal concept of ownership itself — the bundle of rights you hold in the…
-
Broker vs Real Estate Agent: What Is the Difference? A real estate agent holds a licence that permits them to represent buyers and sellers, but only while working under a broker. A broker holds a higher-level…
-
Conventional Loan vs FHA Loan: What Is the Difference? A conventional loan is a mortgage that is not insured or guaranteed by a government agency. An FHA loan is insured by the Federal Housing Administration,…