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Real Estate Glossary - W

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

  • 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.

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