When you purchase a home, your Realtor will likely use a number of terms that you are not entirely familiar with. While your Realtor should be happy to explain these terms to you, it helps if you have a good idea of what they mean before you start the home buying process. Here are just a few terms you should know!
• Certificate of title – A document demonstrating legal proof of ownership
• Chattels – Personal property, of which there are two types. The first type are real chattels, which are fixtures and buildings. The other type are personal chattels, which are furniture, clothes, and other similar items.
• Contract of sale – A written agreement that establishes the terms and conditions associated with the sell of property.
• Covenant – The…
Tagged : Real Estate Terms
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