The real estate industry is filled with a myriad of terms and acronyms for things that you have probably never heard of and wouldn't be expected to know. That said, getting to know the lingo is a great way to become more comfortable when talking about the market with your real estate agent and reading the listings descriptions of homes for sale.
Here are some of the most common terms, acronyms, and expressions you'll come across during your home purchase or sale.
Common Real Estate Terms & Acronyms
CMA: Comparative Market Analysis
A CMA, or Comparative Market Analysis is a report that's assembled by your agent to show what your home could be worth based on comparable properties. Typically, this report takes into consideration the size…