Real Estate Strategy 101: Learn the Basics, the Lingo, and the Opportunities

Investing in real estate is well-known as one of the most effective ways to increase your wealth. It also can have the added benefit of generating passive income,

Unfortunately, most people don’t understand all the ways they can invest in real estate or even the lingo that’s associated with the industry.

The real estate game can seem a little overwhelming when you are just getting used to the industry’s lingo. Let’s explore some you’re most likely to encounter when you start shopping for a property or are about to make your first offer!

What Jargon and Basic Processes Will I Need to Know About, When Starting My Real Estate Strategy?

This is a document you as the buyer give to the seller, which expresses the amount you are offering to pay and the terms of your offer.

Terms Related to the Purchase Proce Offer / Purchase Agreement

Technically the term “escrow” refers to money being held by a third party until certain conditions have been met, or so that certain financial obligations can be fulfilled.

Escrow / Title

Earnest Money / Deposit

Your “deposit” or “earnest money” is an agreed-upon sum that you put down in order to secure the sales contract and open escrow

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