Real Estate Blog
Clear, practical guides to the ideas behind the definitions.
34 guides, newest first.
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What Is a Short Sale in Real Estate? A short sale in real estate is the sale of a home for less than the balance owed on its mortgage, completed with the approval of the seller's mortgage lender.
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Realtor vs Real Estate Agent: What Is the Difference? A real estate agent is licensed by a state to represent buyers and sellers; a Realtor is a licensed member of the National Association of Realtors.
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HELOC vs Home Equity Loan: What Is the Difference? A HELOC is a revolving credit line secured by home equity; a home equity loan is a lump sum repaid in fixed installments. See how rates and payments differ.
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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.
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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.
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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…