08/24/2026
📚 Back to School: Real Estate Edition 🏡
School is almost back in session… so let’s brush up on some real estate basics! ✏️🏠
📖 Pre-Approval — Your lender gives you an idea of how much you may be able to borrow before you start shopping.
📝 Contract Deposit — The monetary deposit that legally binds the agreement outlining the terms of your purchase and sale.
🔎 Contingency — A condition that must be satisfied before the deal moves forward, such as financing or inspection.
💰 Closing Costs — The additional costs involved in completing your purchase, such as legal fees, property transfer costs, and adjustments.
Think of this as your Real Estate 101 refresher! 🎓
Have a real estate term you want explained next? Drop it in the comments! 👇
Teresa Stoltz Personal Real Estate Corporation
☎️ (250) 218 9190
👩🏻💻 [email protected]
🇨🇦 Royal LePage in the Comox Valley