If you've listened to some of our previous episodes and wondered what the different real estate terms mentioned in them meant, use this episode as your dictionary. Whether you're just embarking on the home-selling process or have been into it for a while, it's important you know these 16 (+more) terms. 

Loren, Cassidy, and Chris have compiled a list of the most commonly used real estate and home selling terms and explained them in detail for this episode. Starting with listing price, down payment, and the different kinds of fees, including escrow and mortgage fees, etc.

A few of the many terms to look out for:

• Listing price: The price that initially hits the market.
• Closing costs: The fees associated with buying or selling a house. These include your escrow fees, mortgage fees, appraisal, legal fees, association fees, and other commission fees.
• Commission: A fee paid to a real estate agent for their services.
• Escrow: The neutral third party in the transaction that hands over the grant deed to the new buyer and the money to the seller.
• Deed or grant deed: The piece of paper that shows who owns a home.
• Seller’s market: A term that we use to classify how hot the market is.
• Downpayment: The cash amount that the buyers are bringing to the table; the part that they're not getting a loan for.
• Counteroffer: It is a response to the offer written and this is typically generated by the seller.
• Earnest money: Your initial deposit. 
• Appraisal: An estimate of the property's fair market value.
• Contingencies: A condition that has to be met before you get to the next part of the transaction.
• Due diligence: The timeframe in which the buyers have to go through all of the inspections. 
• Rent back: A timeframe that the buyer agrees to let you stay in the property after it closes.
• + more!

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If you’re thinking about selling your home you likely have a ton of questions. Well, let’s get them answered!

In today’s FAQ episode of How To Sell A House, Chris, Cassidy, and Loren answer the most popular questions about the home selling process. Though almost all of these have been addressed in separate episodes of the podcast, this will recap everything and provide a starting point for your planning, preparation, and promotion for the sale.

Questions to look out for:

• What are the most important things to do before selling your house? (Pricing, preparation, promotion)
• How can you make your house more appealing to potential buyers?
• What should you do if you’re having trouble selling your house?
• Is it easy for people to call and get an appointment to see your house?
• How much money will you get from selling your house?
• Can you sell your house without a real estate agent or broker?
• Are you prepared to negotiate all the different things you will need to negotiate?

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Ever heard of iBuyers? These are real estate companies that use algorithms and technology to buy and resell homes quickly. Sounds like a lot less hassle, doesn’t it? 

One of the biggest reason people may choose to sell to an iBuyer is convenience. Yet, there are many things you must know before deciding to work with iBuyers.

Tune in to today’s episode as Loren, Chris, and Cassidy explain everything they know about iBuyers and how to decide if you should be selling your house to them.

Points to look out for:

• What are the pros and cons of selling to an iBuyer?
• Pros include convenience, no need for repairs, etc.
• Cons include not being able to negotiate the price.
• Get feedback from a professional agent
• Selling to an iBuyer is not always going to land you the best price.
• Sellers should research all available options before looking at the iBuyer route, and also have a conversation with a trusted realtor in their area.

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