• Appraisal – A professional estimate of a home’s market value.

• Closing Costs – Fees paid at the end of the transaction, including title fees, lender charges, and taxes.

• Comparative Market Analysis (CMA) – A report to help determine a home’s market value based on recent sales of similar properties.

• Contingency – A condition in the contract that must be met (e.g., financing, home inspection).

• Down Payment – The upfront cash paid toward the purchase of a home, typically 10-20%.

• Escrow – A neutral third party that holds funds/documents until all conditions of the sale are met.

• MLS (Multiple Listing Service) – A database real estate agents use to list and search available properties.

• Pre-Approval – A lender’s written offer for a loan amount based on your credit, income, and assets.

• Title – Legal ownership of a property.

• Zoning – Local rules defining how property can be used (residential, commercial, etc.).

Knowing the language empowers you. Whether buying or selling luxury real estate in Dallas-Fort Worth, I’ll guide you every step of the way.