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Common Real Estate Terms for 1st Time Home-Buyers

Tuesday, July 16, 2013   /   by Martin Millner

Common Real Estate Terms for 1st Time Home-Buyers


 


When purchasing your first home in Yardley, Downingtown or anywhere throughout the United States, some of the terms you may hear can be confusing and overwhelming. To help you through the process of finding and buying your home, here are some definitions to terms realtors use frequently.


 


Asking price – This is the suggested price that the sellers are asking for the sale of their home. It is negotiable and your agent can assist in writing an offer when you find a home you like.


 


Down payment – A down payment is a portion of the purchase price for the property you are agreeing to buy. It shows the seller you are serious about purchasing their home.


 


Walk-through – You will perform a walk-through of the property right before the sale closes, to ensure the property meets your standards, there is no damage inflicted by the seller since the last time you saw the property, and to confirm that it is vacant.


 


If you are ready to search for your first home in Bucks County, call me today at 215-519-1399. You may also search my website for all properties for sale throughout Yardley, Washington Crossing, and Langhorne, or send me an email if you have any questions.

Keller Williams Real Estate - Newtown
Martin Millner
12 Terry Drive, Suite 204
Newtown, PA 18940
215-519-1399
215-519-1399

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“The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Martin Millner - Coldwell Banker Hearthside Realtors participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2024 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: June 21, 2024 10 PM.
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