Nevada real estate glossary.
The terms you will meet in a Las Vegas transaction, defined in plain language.
The glossary
Real estate runs on a vocabulary that can feel like a second language. This glossary defines the terms you will actually meet in a Las Vegas transaction, in clear everyday language, so the documents and the conversations make sense.
For a deeper walk through the forms themselves, see the document education guide.
The terms
A to Z, without the jargon
Addendum
A written addition or change to a contract, used when terms shift after signing.
Appraisal
A professional estimate of a property’s value, usually ordered by the lender.
Closing costs
The fees and charges paid when ownership transfers, beyond the price of the home.
Contingency
A condition that must be met before a contract is final, such as financing or inspection.
Days on market
How long a home has been listed for sale before going under contract.
Earnest money
A deposit held in escrow that shows a buyer’s offer is made in good faith.
Equity
The difference between what a home is worth and what is owed on it.
Escrow
A neutral holding state where money and documents sit safely until closing.
FSBO
For sale by owner, a home sold without agent representation.
Homeowners association
The organization that enforces community rules and collects HOA dues.
HOA dues
Monthly or annual fees covering shared amenities and community maintenance.
Pre-approval
A lender’s written estimate of the amount you can borrow, based on your full financial picture.
Prorated taxes
Property taxes divided fairly between buyer and seller at closing.
Title
The legal record of ownership, and the deed that proves it.
VA loan
A mortgage backed by the Department of Veterans Affairs for eligible veterans and service members.
Zoning
Local rules that determine how a property can be used.
A better question
Ask the question in your own words.
You never need to know the jargon to get a straight answer. Start with the terms you met here and I will translate the rest.