28/03/2026
As a First Time Buyer, understanding the Basic Real Estate Terms is important when you are planning to invest. Here are some basic key terms you should know:
1. Amortization: The process of gradually paying off a loan over time through regular payments of principal and interest.
2. Down Payment: An initial payment made when purchasing property, typically a percentage of the total purchase price.
3. Equity: The value of an owner's interest in a property, calculated as the market value minus any outstanding loans or liens.
4. Pre-selling: Selling property that is still under construction or development.
As a First Time Buyer, understanding the Basic Real Estate Terms is important when you are planning to invest. Here are some basic key terms you should know:
1. Amortization: The process of gradually paying off a loan over time through regular payments of principal and interest.
2. Down Payment: An initial payment made when purchasing property, typically a percentage of the total purchase price.
3. Equity: The value of an owner's interest in a property, calculated as the market value minus any outstanding loans or liens.
4. Pre-selling: Selling property that is still under construction or development.