Days on Market

Definition

The public countdown timer that silently shames a property for not selling fast enough. After 30 days, neighbors start whispering. After 90, the house might as well have a scarlet letter on the lawn sign.

Example Usage

"My listing hit 60 days on market and my agent started speaking to me in the same tone veterinarians use before delivering bad news." - A patient seller

Related Terms

Beginner

title

The legal proof that you actually own a property, as opposed to just living there and hoping no one notices. It's the document (or more often, the abstract concept) that gives you the right to sell, modify, or otherwise lord over your real estate kingdom. Title issues are the stuff of homebuyer nightmares—turns out someone's great-uncle from 1847 might still have a claim to your kitchen.

🏠 Real Estate

Intermediate

joint tenancy

A form of property ownership where two or more parties hold equal, undivided interest with right of survivorship, meaning the property automatically transfers to surviving owners upon one's death. It's estate planning that bypasses probate court, assuming everyone stays friendly.

🏠 Real Estate

Beginner

Property Tax

The annual reminder from your local government that you don't really own your home -- you're just renting it from the county with extra steps. Miss a payment and find out who the real landlord is.

🏠 Real Estate

Advanced

encumbrance

Any claim, lien, or liability attached to a property that affects its title or value. Think of it as baggage, except instead of emotional issues, it's tax liens and utility easements.

🏠 Real Estate

Intermediate

special assessment

An additional fee charged by HOAs or municipalities for specific improvements or repairs not covered by regular dues or taxes. It's the surprise bill that reminds you that common ownership comes with uncommon expenses.

🏠 Real Estate

Beginner

title search

A deep dive into public records to verify legal ownership and uncover liens, judgments, or claims. Property background check revealing whether you're buying real estate or a lawsuit.

🏠 Real Estate

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