Real Estate Glossary

CRAIG BLACKMON IS A REAL ESTATE ATTORNEY, BROKER, AND INNOVATOR IN SEATTLE.

Homeowners Association

A “Homeowners’ Association” or HOA is a group of property owners who are all bound to and members of an organization. This organization, a legal entity (like an LLC or corporation) enforces the restrictions set by covenants, conditions and...

Purchase and Sale Agreement

“Purchase and Sale Agreement” is the fancy term used to describe a contract for the purchase and sale of real estate. Other terms for such a contract include Earnest Money Agreement and even Real Estate Contract (although technically here in WA that last ...

FSBO (For Sale By Owner)

For Sale by Owner, or FSBO For Sale by Owner, also known by the acronym FSBO, refers to an owner who is trying to sell a home without using at least one of the two real estate agents normally involved (the listing agent, and the buyer’s agent). Traditionally, a...

Title

Title Title is really fancy legalese for “ownership.” So if you “hold title,” you’re the owner. However, the legal rights of others may limit your rights of ownership. For example, if you finance the purchase of a car, the lender has the...

Warranty Deed

Warranty Deed A deed is the legal document that transfers title of real property.  A Warranty Deed contains promises from the seller to the buyer about the rights of ownership and possession of the property.   Contrast with Quit Claim Deed. Here in WA, the law by...

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