Glossary of Real Estate Terms - Terms

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Main water shut-off valve

Mansard roof

Manufactured housing

Mantel

Maintenance fee

Managed-competition lots

Margin

Market conditions

Market value

Masonry

Master-planned community

Maximum financing

Mechanical systems

Mechanic's lien

Mediation

Median price

Merged credit report

Metes and bounds

Mint condition

Mixed-income housing

Mixed-use development

Modification

Molding

Money market account

Money market funds

Mortgage

Mortgagee

Mortgagor

Mortgage acceleration clause

Mortgage banker

Mortgage broker

Mortgage insurance

Mortgage-interest deduction

Mortgage life insurance

Motivated buyer

Motivated seller

Move-in condition

Move-up buyer

Mullion

Multidwelling property

Multifamily mortgage

Multiple listing service (MLS)

Multiple offers

Municipal housing inspector