The U.S. tax code allows homeowners to deduct the amount they have paid in property taxes. …
Property Value
The value of a piece of property, based on the price a buyer will pay at a given time. …
Prorate
To allocate percentages of certain expenses to be paid by the buyer and seller at the time of closing. …
Punch List
A list compiled by a buyer prior to a sale detailing items to be fixed before closing. …
Purchase Agreement
A document that details the purchase price and conditions of the transaction. …
Purchase Contract
A legal document that binds a buyer to purchase a piece of property for a set price, and also binds the seller to sell that property to the buyer. …