The Definitive Scottsdale Real Estate Glossary

Ever think your Scottsdale Real Estate agent is speaking Klingon when parsing out those cryptic acronyms and assorted colloquialisms of nonsensical industry jargon?

You are not alone.

Typical of the human condition, we Realtor types tend to assume everyone knows what we are talking about even though most consumers only think about Real Estate when it's time to buy, sell or refinance a house. In other words, maybe once every five to seven years on average.

As such, it is not surprising that there is often a disconnect between the shop-talking industry insider and the consumer who doesn't know a RESPA from a Vespa, an ARM from a leg. Thus, a project that was long overdue for our clients and soon-to-be-clients (it's easier if you don't fight), we at the Scottsdale Property Shop give to you the more or less complete glossary of local AZ Real Estate terminology.

As you wouldn't expect any less (or more) of me, I've managed to slip in a few bogus definitions amongst the legitimate ones. I owe the first person who picks out all the ringers (leave your guesses in the comment section of the post, not here) a beer.

Scottsdale Real Estate Terms and Definitions