: A deposit made to the seller to prove you are serious about buying the home.
: The legal concept of ownership. The Title Deed is the physical (or digital) paper that serves as evidence of that ownership.
: A framework suggesting you have three months of living expenses saved, three months of mortgage payments in reserve, and have compared at least three properties.
: The portion of the home's value that you actually own, calculated as the market value minus your remaining mortgage balance.
: The primary contract between a buyer and seller that outlines the price, terms, and conditions of the sale.
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