Understanding the vocabulary of real estate and the concepts that will help you make good choices when buying and selling property in Idaho will increase your success regardless of the type of investment you are making. Understanding what a deed is, or what the Idaho homeowners exemption is will empower you to make good choices and save time and money.
For example, do you know what the term owner carry is? This term has to do with financing a property using the sellers money rather than a lending institution. It can help you get into an otherwise difficult property to purchase. Or how about foreclosure? This term refers to a lender taking back a property when a contract has been broken due to late payments.
There are many real estate terms and concepts that you will hear while buying and selling property. This is our small collection of them. If you don't see something here that you would like explained, please give us a call or send us an email and we'll get it answered. There are probably others looking for the same information.