Glossary

#

1031 Exchange

A

Appraisal

Andes Mountains

Amortization

Airbnb

Agent

Affordable Housing

Adjustable Rate

Acreage

B

Broker

Bridge Loan

Bogotá

Barranquilla

Balloon Payment

C

Counteroffer

Contingency

Construction Loan

Condominium

Comps

Commercial Property

Colombian Peso

Colombia

Coffee Region

Co-op

Closing Disclosure

Closing Costs

Cash Flow

Cartagena

Capital Gains

Cap Rate

Cali

D

Down Payment

Depreciation

Deed of Trust

Deed

E

Eviction

Escrow Account

Escrow

Equity

Earnest Money

F

Furnished Rental

Foreclosure

Flip

Fixer-Upper

Fixed Rate

Fair Market Value

G

Gross Rent Multiplier

Gated Community

H

Home Equity Loan

HOA Fees

Hard Money Loan

I

Interest

Inspection

Industrial Property

L

Luxury Property

Lot

Lien

Lease Agreement

Lease

Latin America

Landlord

M

Multi-Family Home

Mortgage

MLS

Mixed-Use Property

Medellín

Market Rent

N

Net Operating Income

O

Offer

Occupancy Rate

P

Property Tax

Properties

Principal

Pre-Approval

R

ROI

Reverse Mortgage

Retail Property

Rentals

Rent Control

Refinance

Realtor

Real Estate Syndication

Real Estate Investment Trust

Real Estate

S

Sublease

Subdivision

Single-Family Home

Short Sale

Security Deposit

Second Mortgage

T

Turnkey Property

Townhouse

Title Insurance

Title

Tenant

U

Urbanization

Unfurnished Rental

Underwriting

V

VRBO

Vacation Rental

Vacancy Rate

Z

Zoning

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