Residential Real Estate Glossary and Definitions

Learn about the important residential real estate definitions so you’re informed of the lingo used during the home buying and selling process.

Definition: Square Footage

Learn what square footage means in residential real estate. Discover the technical definition, how it’s used, and real life examples.

Definition: Seller’s Market

Learn what a sellers market is when you’re looking for homes. Discover the technical definiton, how it’s used and real life examples.

Definition: Real Estate Agent

Learn what a real estate agent is and how they’ll help you in your home buying or selling process. With real examples and technical definitions.

Definition: Proof of Funds

Learn what Proof of Funds means in residential real estate. Discover the technical definition, how it’s used, and real life examples.

Definition: MLS Listing

Learn what the Multiple Listing Service or MLS is when buying or selling a residential property in British Columbia.

Definition: Market Value

Learn what the term Market Value means when you’re buying or selling a residential property. Including the techical definition and real examples.

Definition: Listing Agent

Learn what a listing agent is and how they’ll help you in your home buying or selling process. With real examples and technical definitions.

Definition: Land Title

Learn what a Land Title is when buying or selling your residential property. Discover the technical definition, how it’s used, and real life examples.

Definition: Escrow

Learn what escrow is in a residential real estate transaction. Discover the technical definition, how it’s used, and real life examples.

Definition: Deposit

Learn what a deposit is in residential real estate. Discover the technical definition, how it’s used, and real life examples.

Definition: Days on Market

Learn what Days on Market means in residential real estate. Discover the technical definition, how it’s used, and real life examples.

Definition: Conditional Offer

Learn what a conditional offer is in residential real estate. Discover the technical definition, how it’s used, and real life examples.

Definition: Buyer’s Market

Learn what a buyers market is when you’re looking for homes. Discover the technical definiton, how it’s used, and real life examples.

Definition: Appraisal

Learn what an appraisal is in residential real estate, how it’s used, and real life examples. So you’re prepared when you need an appraiser.