The process typically involves finding a property, making an offer, conducting inspections, obtaining financing, and closing the deal.
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A real estate agent is a licensed professional who helps buyers and sellers navigate the real estate process. They can assist with finding properties, negotiating deals, and handling paperwork.
A mortgage is a loan used to purchase a property. The property acts as collateral for the loan, and the buyer makes monthly payments to repay the loan over time.
A home inspection is a thorough examination of a property, performed by a licensed inspector, to assess its condition and identify any potential problems.
Property tax is a tax imposed by local government on real estate property, based on the value of the property. The tax is typically used to fund local services and infrastructure.