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Real Estate Vocabulary 101
As we reach each new stage in our lives, we are always learning. There is especially true when we have decided to buy a home. Before you start the journey of purchasing a home, you must understand the basic vocabulary and terms used in the Real Estate industry. This knowledge will be critical when you sit down for the first time with your Real Estate Agent REALTOR®. This knowledge is vital in today’s Ottawa market. The process of buying and selling is happening very quickly. Being prepared with the necessary knowledge and the support of your Real Estate Agent REALTOR®. will ensure your interests are always looked after.
One of the challenges is that you will end up dealing with several different professions. These will include bank or mortgage broker, lawyer, municipal and provincial governments, home inspectors and contractors. With so many distinct offices to work with, your first step must be to contact your Real Estate Agent REALTOR®. They are the experts and are on your side.
Understanding these terms is only part of the learning the necessary Real Estate knowledge. This will help you understand the buying and selling process. Your Real Estate Agent REALTOR®. will help you with any other terms that you will need to know. Buying or selling your home is a very emotional time for everyone in the family. Having this knowledge and a trusted Agent will allow you to understand all the steps in the process and reduce your stress.
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