A real estate transaction where the mortgage holder (bank) agrees to a price less than (short of) the balance owed.

Trying to improve the value of a house by only performing minimal repairs,  applying new paint (the “slap”), and listing it for sale or rent (the “dash”).

The process of placing furniture and accessories in a home that is being sold to demonstrate to prospective buyers how the various rooms might be utilized .

A type of real estate transaction where the buyer assumes the seller’s mortgage obligations.

The complete demolition and removal of a house to allow for a new build.  Sometimes the prior foundation is saved.

To perform an extensive makeover of a home to include the features and amenities typically found only in new homes. It encompasses all aspects of a complete renovation and remodeling, typically resulting with a home unrecognizable from where it was.

It means something different to everyone, making it the most useless term in real estate marketing.

A real estate transaction involving a property that is placed under contract by a third party (wholesaler) who then sells their rights to the contract to the end buyer.