Real Estate Glossary USA

Bank check, guaranteed by the issuing bank

At a meeting, the property changes the owner by signing the corresponding documents.

Learn more about the process of real estate purchase in California here.

Taxes, and charges associated with the completion of a real estate transaction in California. Those are split between buyer and seller according to the specifications in the contract.

Document listing all amounts associated with the purchase of a property and have been paid at 'closing' (purchase price, deposit, fees, etc.)

A sum of money that is paid to a person upon completion of a task

Community areas owned by an owner association used by all residents of the facility, e.g. fitness center, green areas, swimming pool etc.