Real Estate Terminology (Without the Boring Lecture)
- Kat Moore — The German Realtor®
- Aug 29
- 2 min read
Buying or selling a home already comes with enough stress. The last thing you need is to feel like you’re reading a foreign language when you hear words like “escrow,” “contingency,” or “earnest money deposit.” Don’t worry—real estate jargon isn’t as scary as it sounds, and you don’t need a law degree to get through it.
Here’s a breakdown of the most common real estate terms you’ll hear in Maryland (and anywhere else you’re buying or selling), explained in plain English—with a little Kat humor sprinkled in.
🏡 Terms About Property & Value
Appraisal – A professional’s opinion of what your home is worth. Think of it as the “official price tag.”
Comparable Sales (Comps) – Recent sales of similar homes in your area. Basically, your house’s competition report.
Equity – The portion of your home you actually own (not the bank).
📑 Terms About Transactions & Contracts
Under Contract – A buyer and seller have agreed, but the deal isn’t done yet. Like being “Facebook official,” but for houses.
Contingency – A condition that must be met for the sale to move forward (financing, inspection, appraisal, etc.). Think of it as the “if/then” of real estate.
Earnest Money Deposit (EMD) – The buyer’s good-faith deposit showing they’re serious. If the deal closes, it usually goes toward the down payment.
💰 Terms About Financing
Pre-Approval – A lender’s letter confirming how much house you can actually afford. It’s your VIP ticket to making offers.
Escrow – Money held by a third party until certain conditions are met. Think of it as the “Switzerland” of real estate.
Closing Costs – The fees and expenses due at settlement (spoiler: it’s more than just the down payment).
👩💼 Terms About Real Estate Professionals
Listing Agent – Represents the seller.
Buyer’s Agent – Represents the buyer (that’s me! 🙋♀️).
Dual Agency – When one brokerage represents both sides. Legal in Maryland, but it requires disclosures and consent.
☕ Final Sip of Wisdom
Real estate has plenty of buzzwords, but you don’t need to memorize a dictionary to feel confident. That’s why I’m here—to translate the jargon, guide you step by step, and make sure the only surprises you get are good ones (like keys to your new home).
Kat Moore | Realtor | Advisor
Samson Properties
📞 410-414-5967 (cell), 443-975-7555 (office)
Disclaimer
This blog post is provided for general informational purposes only and reflects my perspective as a licensed real estate agent. It does not constitute legal, tax, or financial advice. Laws and regulations can change, and individual circumstances vary. Please consult a licensed tax professional, attorney, or other qualified advisor for advice specific to your situation.
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