REMINDER: It's okay to stop your agent and ask "Wait... What does that mean?"
That's what we're here for! Here's a few vocabulary words you'll here around your real estate agent when selling your home:
-Comps: Short for “comparable sales.” Comps are recently sold homes similar to yours in location, size, condition, and features. You and your agent will use comps to help price your home.
-Staging: The process of making your home appealing to the masses by decluttering, rearranging furniture, or bringing in different furniture and décor. You can stage your home yourself or hire a professional stager.
-Conditional: A word meaning “dependent on.” In real estate, it means the seller has accepted an offer, but some additional conditions must be met. The most common conditions include inspection, financing, appraisal and home sale.
-Deposit: The money a buyer puts down when they are serious about purchasing your home. The higher the deposit amount, typically, the greater the interest.
Thinking of selling and want to hear more about comps, staging, or any other parts in the process? DM me, and let’s connect!
Cindy Grenier - 204-330-2567