A GLOSSARY OF REAL ESTATE TERMS


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Word List Definitions
HOA
HUD
HUD-1 Form
HVAC
Habendum clause
Habitability
Haec verbs
Half bath
Half-timbering
Handyman's special
Hard Costs
Hard money
Hard money loan
Hazard insurance
Hazardous substance
Header
Hedge against inflation
Height density
Heir
Heirs and assigns
Hereditament
Hidden defects
High loan-to-value loan
Highest and best use
Highrise
Hip roof
Historic district
Historic structure
Historical age
Hold harmless clause
Holder
Holder in due course
Holding company
Holding period
Holdout
Holdover tenant
Holographic will
Home
Home Owners Association, HOA
Home equity loan
Home inspector
Home loan
Home office
Homeowner's insurance
Homeowner's insurance policy
Homeowners Loan Corporation
Homeowners association
Homeowners warranty program
Homestead
Homestead exemption
Homogeneous
Horizontal property acts
Hoskold Sinking Fund Method
House
Household
Housing and Urban Development
Housing and Urban Development, HUD
Housing code
Housing starts
Housing stock
Hypotenuse
Hypothecate
Hypothesis of median location
You chose: Home inspector

A professional who in some states must be bonded or licensed who evaluates the structural and mechanical condition of a home prior to transfer of title. Example: Before closing on their new home, the Felixes hired a home inspector to check the condition of the structure. The inspector discovered an unsafe furnace burner and a leaking faucet. The seller agreed to have the problems repaired before the closing.