Cutting Through the Jargon: 13 Real Estate Terms Explained

There are plenty of moving parts when it comes to buying and owning a home. It’s no surprise then, that the terms that go along with the process might be a tad confusing, especially when people bandy around acronyms.

Take heart — you can get up to speed on the definitions in no time.

Here’s a baker’s dozen of some common real estate terms you need to understand when navigating the homebuying process.

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Tips for Navigating Multigenerational Living

Back in the good old days, it was common for several generations to live under one roof. In recent years, multigenerational living has made a big comeback, and with it more innovative housing choices. In fact, one in five American households are comprised of adults from different generations such as parents and their adult children, or grandparents, parents and children, according to census data.

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Affordable Ways to Refresh Your Home

Home improvements can rejuvenate a stale dwelling. But remodeling and renovations could set you back thousands of dollars for each room.

A “midrange minor kitchen remodel” — including hardware, countertops, flooring and a refrigerator — is about $21,000, on average, according to Remodeling magazine’s 2018 Cost vs. Value report. But with the right approach, you can give your abode some TLC without busting your budget.

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Buying or Refinancing? Get the Right Home Loan

Are you hoping to become a homeowner this year or want to refinance an existing home loan? If so, it pays to take the time to understand the current mortgage landscape. Getting the right loan can be as important as the home itself. The last thing you want to do is pay unnecessary fees or take on loan terms that might hurt your finances.

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5 Hard Truths About Buying Real Estate

Excited Family Explore New Home On Moving Day

Maybe you’ve bought a house in your day, so you feel like a real estate expert. But even some experienced buyers don’t know everything, though, which is why it’s always good to do your homework before buying or selling another piece of property. It’s time to get real and face the facts, here are five things you probably didn’t know about real estate.

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