Jargon-Buster

Sometimes we use slightly perplexing words in the property world, so if you're not sure what they mean, check out our jargon-buster.

  • Offer

    An amount that a buyer offers to pay for a property.

  • Offer of a Loan

    The formal document approving a mortgage that a buyer has requested which details all terms and conditions that will apply.

  • OIEO

    OIEO = Offers in Excess of the price listed

  • OIRO

    OIRO = Offers in region of

  • OITRO

    OITRO = Offers in the region of

  • Open Market Valuation

    The price that a property will achieve on the open market.