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REAL ESTATE VOCABULARY 1 (ESL)

level: Intermediate (B1/B2)
Real estate vocabulary is useful for anyone thinking about buying or selling a property, or for understanding news and conversations about the housing market. This first exercise covers the essential terms for buying a home. This is exercise 1 of 2.


READY TO PRACTICE? LET’S GO!
1. Which ________ are your looking in?
  vicinities
  neighborhoods

2. Can I take a look at the ________?
  floor plan
  floor diagram

3. We'd like to buy a new house, but first we'll have to talk to a bank about ________ it.
  finding
  financing

4. I'm sorry, but the price is not ________.
  negligible
  negotiable

5. We're looking for a house with three ________.
  bedrooms
  sleeping rooms

6. I'm sorry but that's a little out of our ________.
  price limit
  price range

7. If we want to buy this house, we'll have to take out a ________.
  mortgage
  credit

8. Most people agree that it's better to buy than ________.
  to rent
  to purchase

9. One of my good friends works in real estate. He's a real estate ________.
  agency
  agent

10. Let me think about it. I'll ________ tomorrow.
  let me know
  let you know


CHECK ANSWERS
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Real Estate Conversation Questions 1. Is it more common to rent or buy a home in your country? Why do you think that is?
2. What factors are most important when choosing a home — location, size, price, or something else?
3. Do you think owning a home is an important life goal? Why or why not?
4. How affordable is housing in your city or region? Is it getting better or worse?
5. What do you think makes a neighbourhood a good place to live?
6. Have you ever bought, sold, or rented a property? What was the experience like?
More English vocabulary exercises Real estate vocabulary 1
Real estate vocabulary 2
Around the house 1
Apartment (Renting)
Did you know? The term real estate comes from the Spanish bienes raices, meaning "root property" — that is, property attached to the land. The word real here comes from the Latin res (thing or property), not from the English word meaning "genuine." So real estate literally means "property things."

A mortgage comes from Old French mort gage — literally "dead pledge." The pledge "dies" either when the debt is paid off or when the borrower fails to pay and the property is repossessed. The word entered English in the 14th century and has been used for home loans ever since.
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