Buying a home can be a daunting experience but if you are prepared it can be one of the most memorable and exciting events in your life.. Purchasing a home is a major step which usually involves a major long term commitment and so therefore needs careful thought, planning and preparation.

When selling your home, probably your largest financial asset, it is most important to achieve the highest price by maximising its sales potential.

What does all the jargon mean? Listed below in plain English are descriptions of many of the common terms you will come across when buying or selling a home.