Get to know a little real estate language


(NC) There are many terms you’ll hear real estate professionals use during your home buying process. While there are too many to list, these are a few you’ll surely hear at least once:


Amortization: The number of years it takes to repay the entire amount of a mortgage.


Buyer Agency Agreement: Establishes a formal and exclusive relationship between the potential buyer and the broker and its representatives.


Closing Date: The date on which the title and keys to the property are transferred from the seller to the buyer, and the money is paid.


More information is available at