An open house is a method of showing a home for sale where the property is available for inspection by interested parties. During this event, potential buyers have the chance to explore the home without the need for a prior appointment.
The initial stage in which a lender evaluates a borrower's financial capability to approve a specific loan amount, providing prospective homebuyers confidence and an advantage during the home buying process.
A vendee is a party, typically in real estate transactions, that buys property. This term is specifically used in real estate contexts and contrasts with the term 'buyer,' which is commonly used for personal property transactions.
