Buying & Selling

← Real Estate Glossary

131 terms

A

• Able to purchase
• Absolute Auction
• Absorption rate
• Acquisition
• Acquisition cost
• Agreement for Sale
• Agreement of Sale
• Amenities
• Apostille
• As-Is
• As Is Condition
• Asking Price
• Attorney's Fees for Conveyancing
• Auction
• Auctioneering
• Auctioneering of properties

B

• Balance Purchase Price
• Beach access
• Beachfront
• Buyer
• Buyer's market
• Buyer's Remorse
• Buying Property in Jamaica as a Foreigner

C

• Cash buyer
• Cashier's Check
• Caveat emptor
• Central location
• Certificate of Sale
• Closing (Real Estate Transaction)
• Closing costs
• Closing Statement
• Completion Date
• Conditions for the sale
• Contingencies
• Contract of sale
• Contract to Purchase
• Counter offer

D

• Days on the Market
• Deferred maintenance
• Deposit
• Direct Buyer

E

• Early occupancy
• Earnest money
• Easy access
• Estimated Gross Costs of Buying
• Estimated Net Costs of Buying
• Estimated Total Costs
• Exchange Contracts

F

• Fixtures and fittings
• Flipping
• Formal offer
• For Sale By Owner
• FSBO

H

• Home inspection
• Home inspection checklist

I

• Inspection report

L

• Landscaped properties
• Latent Defect
• Legal fees
• Letter of Intent
• Local attractions
• Low-ball offe

M

• Mint condition
• Motivated buyer
• Motivated seller
• Mountain view
• Move-in condition
• Moving expenses
• Multiple offers

N

• Negotiation Power

O

• Off-plan Purchase
• Offer to Purchase

P

• Partial sea view
• Pending property
• Practical Completion
• Preference for direct buyer
• Price Range
• Prime location
• Private treaty
• Private treaty property
• Proof of financing
• Proof of funds
• Property closing costs
• Property features
• Property inspection
• Property inspections
• Property market
• Property ownership costs
• Property purchase agreement
• Property Report
• Property sales forecast
• Property transactions
• Purchase price
• Purchaser

R

• Real Estate Boom
• Real estate bubble
• Real estate market conditions
• Real estate market trends
• Real estate purchase offer
• Real estate transaction
• Resale
• Right of First Offer

S

• Sale agreed
• Sale agreement
• Sale with Tenant in Situ
• Sea view
• Seller
• Seller’s market
• Selling Property in Jamaica from Overseas
• Settlement Statement
• Shared-equity Transaction
• Shortlisting of Properties
• Snagging
• Sold (STC)
• Special Condition
• Split of Closing Costs
• Straight sale

T

• Tear-down condition
• Time is of the Essence
• Trade equity
• Trading down
• Trading Up
• Turnkey real estate transaction

U

• Under contract
• Under offer

V

• Vacant Possession
• Vendor
• Vendor's Attorney

W

• Well-fruited property
• Wholesaling
• Withdrawn offer