There are many questions a new home buyer will have to ask themselves during the home buying process. Not only will you have to decide what neighborhood you'd like to live in, you'll also have to assess what types of fees will come with your new home purchase. Along with those questions might come a few real estate terms you might be unfamiliar with.

We get this question all the time... "What's a Settlement Statement?"

There are many terms you need to be made aware of when buying or selling a home, and we've done our best in the past to educate you on them. Knowing what the Settlement Statement is and understanding what the Settlement Statement is can be two very different things, though, and we want to make sure you feel confident in both.

Selling a home involves not only a list of steps, but plenty of industry jargon related to those steps, too. We thought you might be interested in learning the meaning of the real estate related terms that you will inevitably come across while selling your home.

1. Comparative Market Analysis (CMA) - This is an evaluation of similar, recently sold homes in the same area as your home. A CMA provides the current market value of your home and is prepared by your Realtor® when pricing your home.