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- wainscoting
- Wood paneling, tongue-and-groove boards or similar material that is installed between a baseboard and a chair rail.
- waiver
- A voluntary relinquishing of certain rights or claims.
- walk-out basement
- A feature in a building where there is a door opening on ground level.
- walk-through
- A buyer’s final inspection of the home to determine if all the conditions that are in the purchase agreement have been satisfied.
- wallboard
- Sheets of compacted gypsum with a paper exterior. Also known as dry wall, sheetrock, gypsum board, and plaster board.
- warehouse fee
- A closing-cost fee that represents the lenders cost of temporarily holding a borrower’s loan before it is sold on the secondary mortgage market.
- warranty
- A legally binding guarantee on something for a specified time.
- water table
- The level at which the ground is saturated with water.
- watt
- A unit used to measure the rate at which a device consumes electricity.
- weather stripping
- Individual lengths of rubber or plastic that are used to plug air leaks around doors and window frames.
- weep holes
- Spaces or small openings left in a masonry wall to allow water to drain from behind the wall.
- Western style
- A cabinetry term referring to a style of cabinet with a face frame around the front opening.
- wetlands
- Watery areas such as swamps, marshes and floodplains.
- wild deed
- An improperly recorded deed.
- window light
- An individual pane of glass.
- window seat
- A built-in bench under an interior window.
- window well
- A curved, corrugated steel insert that is used to isolate basement windows from moisture if they are below the soil line.
- window well covers
- Curved plastic covers that are designed to be installed on top of a window well to cover the opening.
- wraparound mortgage
- A loan given to a buyer for the remaining balance on a seller’s first mortgage and an additional amount requested by the seller. Payments on both amounts are made to the lender who holds the wraparound loan.
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