Glossary Provided by Homes.com, a RE/MAX Approved Supplier.
- Wainscoting
- Wood paneling, tongue-and-groove boards or similar material installed between a baseboard and a chair rail.
- Waiver
- A voluntary relinquishing of certain rights or claims.
- Walk-out basement
- A feature that allows a door to open onto ground level.
- Walk-through
- A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.
- Warranty
- A legally binding promise to do something in the future.
- Wetlands
- Watery areas such as swamps, marshes and floodplains.
- Wild deed
- An improperly recorded deed.
- Will
- The most basic legal document outlining the disposition of a person's estate in the event of death.
- Window light
- An individual pane of glass.
- Window seat
- A bench built under an interior window.
- Window well
- A curved, corrugated steel insert used to isolate basement windows from moisture if they're below the soil line.
- Window well covers
- Curved plastic covers designed to be installed on top of a window well to cover the opening.
- Wraparound mortgage
- A loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.