Probate
A court process that may be needed before an inherited property can be sold.
Florida seller glossary
Simple words for real estate terms sellers hear.
Use this glossary to understand common terms before comparing selling options.
SUBJECT-2
A sale where the current loan may stay in place while ownership changes.
Owner Financing
A sale where the seller receives payments over time instead of all cash at closing.
Lease Purchase
A lease with a plan or option for the buyer to purchase later.
Liens
Claims against a property that may need to be paid or resolved before closing.
Judgments
Court-related debts that may affect title or closing.
Code Violations
City or county issues related to property condition, use, safety, or maintenance.
Open Permits
Permits that were started but may not have been properly closed out.
Title Company
A company that helps review title, prepare closing documents, and handle funds.
Closing Costs
Fees and expenses paid when a real estate transaction closes.