1st Blog Post!

Written By Colby Heuseveldt

Hello All!

Looking forward to growing this site, really happy to be off of Wordpress, we’ll see how well this post ages…

While it seems blogs have been relegated to the realm of filler SEO gobbledegook, I look forward to taking the opportunity to share with you and future users of this site little tidbits and nuggets of knowledge I pick up along my own personal real estate journey. As well as obviously more filler SEO gobbledegook.

With that being said, I have no shame, please see this ChatGPT generated list of real estate jargon words sure to impress every picky real estate dad/step-dad moonlighting as a real estate inspector:

  1. Comps (Comparable Properties)

    • Properties that are similar to a subject property in terms of size, location, condition, and amenities, used to determine market value.

  2. Contingency

    • A condition that must be met for a real estate contract to be valid, such as financing approval, inspection, or sale of another property.

  3. Escrow

    • A neutral third party that holds funds, documents, or keys during a real estate transaction until all conditions are met.

  4. Amortization

    • The process of gradually paying off a loan through regular payments over time, with a portion going toward interest and the rest toward the principal.

  5. Under Contract

    • A property that has an accepted offer but has not yet closed. The seller and buyer have agreed on terms, pending inspections, financing, or other contingencies.

  6. Appraisal

    • An assessment of a property's value conducted by a licensed appraiser to ensure the lender is not over-lending.

  7. Zoning

    • Regulations that determine how land can be used (residential, commercial, industrial, etc.) in specific areas by local governments.

  8. Closing Costs

    • Expenses paid at the closing of a real estate transaction, including fees for title insurance, loan origination, taxes, and legal services.

  9. Due Diligence

  • The process of investigating a property to uncover potential issues before completing a transaction, including inspections, research, and financial assessments.

I hope you enjoyed my first blog post! See you next time.

Colby Heuseveldt