Glossary
Buyer glossary.
Plain-language definitions for the valuation, comparable sales, financing, and buying-process terms buyers see while evaluating homes.
Answer summary
Buyer glossary. Plain-language definitions for the valuation, comparable sales, financing, and buying-process terms buyers see while evaluating homes.
- Valuation: An estimate of what a property may be worth based on data and comparable homes.
- Comparables: Similar homes used to judge whether a listing price looks reasonable.
- Pre-approval: A financing readiness step that helps define your budget before you shop seriously.
Valuation
An estimate of what a property may be worth based on data and comparable homes.
Comparables
Similar homes used to judge whether a listing price looks reasonable.
Pre-approval
A financing readiness step that helps define your budget before you shop seriously.