Terms Every Buyer Should Know
We’ve broken down the key real estate terms every buyer should know, from making an offer to closing the deal.
Beyond the Basics: Essential Real Estate Terms for Every 2026 Home Buyer๏ปฟ
If you’re planning to buy a home in 2026, understanding the language of the market matters just as much as understanding the price. Real estate comes with its own unique terminology, and knowing what these terms actually mean can help you avoid surprises and make confident decisions.
Offer and Contract Terms
Before you sign on the dotted line, you need to understand the mechanics of the legal agreement. These terms define your commitment and your protection: Conditions, Firm Sale, Irrevocable, Deposit & Closing Date.
Price and Negotiation Strategy
Negotiating a successful deal involves more than just the purchase price. Purchase Price, Counteroffer, Multiple Offers & Escape Clause.
Financing and Closing Costs
Understanding the financial side is the foundation of a stress-free purchase. Pre-Approval, Mortgage Commitment, Down Payment & Closing Costs.
Property Due Diligence
Don’t overlook the physical details of what you are buying. Home Inspection, Title Search, Chattels & Fixtures.
Understanding the 2026 Market
Whether it is a Buyer’s, Seller’s, or Balanced Market, keep an eye on the Absorption Rate. This is the speed at which homes sell compared to inventory, it's the clearest indicator of whether prices will rise or soften.
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Kehoe Real Estate Group
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