Real Estate and Buying a Home Crossword Puzzle Flashcards

Real Estate and Buying a Home Crossword Puzzle Flashcards earnest money offeran offer to buy property accompanied by a 1%-5% down payment deposit closing coststhe expenses incurred in transferring ownership from buyer to seller mortgagea loan to purchase real estate prequalifythe process of determining how much money you are qualified to borrow inspection reporta written report that details the existing conditions of the house and property market valuethe highest price that a home will bring on the market titlelegally established ownership to property appraised valuehome value determined by examining the structure, size, features, and quality as compared to homes in the same geographic area escrow accountthe fund where money is held by your financial institution to pay amounts that will come due during the year equitythe difference between the market value of property and the amount owed on it