22/10/2025
Ever feel like property talk is its own secret language? 🤔
You’re not alone, from “conveyancing” to “under contract,” real estate can sound like alphabet soup if you’re not in it every day.
Here are a few quick translations (from the tricky to the familiar):
💬 Conveyancing – the legal process of transferring ownership.
💬 Comparable sales – recent nearby property sales used to guide a fair price.
💬 Subject to finance – a condition allowing the buyer to confirm loan approval before the contract becomes unconditional.
💬 Valuation – an assessment of a property’s market value, often required by lenders.
💬 Vendor – the legal term for the property seller.
💬 Reserve price – the minimum amount a seller is willing to accept at auction.
💬 Marketing campaign – the advertising plan to promote your property, including photos, online listings, video, and signage.
💬 Staging – styling a home with furniture and décor to make it look its best for photos and inspections.
💬 Curb appeal – how attractive a property looks from the street — that crucial first impression.
💬 Cooling-off period – a short time for buyers to change their mind (not for auctions).
💬 Deposit – the upfront payment (often 5–10%) that secures the sale.
💬 Under contract – an offer’s been accepted, but the deal’s not done yet.
💬 Open home – a set inspection time when buyers can view the property without an appointment.
💬 Settlement – the big day when keys and ownership officially change hands.
Because real estate doesn’t need to sound complicated, at RealWay, we keep it real.
📍 Find your nearest RealWay office: https://ap1.hubs.ly/y0kH930