Real Estate Terminology
Posted by Ken Richter on
On this blog we use a lot of terminology that is specific to the real estate market! This terminology comes from the many years of experience Team Ken Richter has working in this industry.
The posts where you may have noticed these unfamiliar terms the most are our monthly statistics reports! These are the reports we create with help from CREB to keep you up to date on what is going on in the world of real estate! However, no matter what post it is, we want to make sure every one is clear and understandable!
That is why today we thought it would be good to share some real estate terminology with you! Here are our top five most commonly used terms, and what they mean:
1). Inventory: This may seem fairly straight-forward, but just to clarify, when…
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