When preparing to sell your home, you need to learn how to attract buyers all the time—with the help of your online listing. However, there are plenty of terms commonly used by real estate agents that you might not know how to work into the piece. If you’re hoping to learn more about describing and marketing your property, use the following glossary.

5 Real Estate Listing Terms to Learn

1. As-Is

If you see this term in a real estate listing, it means that there are some issues or repair needs with the house, and the seller won’t be fixing them before the sale. Therefore, buyers will have to like the house enough to live with the issues or repair them on their own.

2. Home Inspection

Buying a new home is probably the biggest investment that you’ll ever make and it’s a decision that will effect you for years to come. A professional home inspection will significantly reduce your risk and help make the entire home buying process easier and less stressful. 

3. Comparative Market Analysis (CMA) 

This report focuses on the values of homes in the same area as the listing you’re interested in. These properties will be similar, such as in size and age, which means they can be used to get an accurate estimate of the home in question.

4. Pre-Approval Letter

If a seller is interested in a property, they should bring this document when they view or make an offer on the house. This letter states that the bank is willing to lend them money for the sale, as well as how much they will lend.

5. Open House

Your real estate agent will schedule an open house for your property. During these few hours, they’ll invite multiple buyers to walk through your home at the same time, hoping to get at least one offer from these interested parties.

If you have more questions about listing terms before you sell your house, get in touch with Ideal Real Estate Group of Flower Mound, TX. Broker Sandy Luedke has over 30 years of experience in the industry, working on everything from condos to luxury homes. To schedule a free home evaluation, call her today at (214) 476-1423. You can also visit the website to learn more about her work with buyers and sellers alike.