Home Buying Resources

Glossary of Terms

We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate, it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary, you can easily navigate through the complicated world of buying and selling a home.

 

Click in the letter below to see the glossary

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W


walk through
A final inspection of a home before "closing" to look for and document problems that need to be corrected.
wraparound mortgage
A loan given to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both amounts are made to the lender who holds the wraparound loan.