Quick Guide to Real Estate Lingo

The process of buying your first home can be intimidating. If you haven’t spent much time around the real estate and mortgage worlds, you might find your first hurdle being all the terms, language and phrases commonly used by those immersed in the industry.


While we at Morrison Real Estate take the time to explain things to our buyer clients, if you are just getting started in your house-hunting, you may find this real estate glossary of common terms very helpful!


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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

© Morrison Real Estate 2023. All rights reserved. Much of the information and data contained herein has been gathered from third parties and although deemed reliable should be verified by the buyer and/or the agent prior to purchase. Any information or data that is critical to your buying decision should be independently verified. All dimensions are approximate and not guaranteed.

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