3 REAL ESTATE Terms you should know Inspection: An inspection happens when buyers pay a licensed professional inspector to visit the home and prepare a report on its condition and any needed repairs. Land lease: This means you would own the home while paying rent to the landowner for the land. Offer: Buyers make a formal offer on the home they want to purchase. The offer can be the full list price, or what you and your agent deem a fair market value. #kellyraabe #kellyraabeprec #kellyraaberealestate #vancouverrealtors #vancouverrealestate #coquitlamrealtor #coquitlamrealestate #burnabyrealtor #burnabyrealestate #squamishrealestate #squamishrealtor