When you are buying or selling a property then it would be helpful if you are aware of some of the terms that are frequently used. Let us have a look at a few of them. Home Inspection – it involves the inspection of the condition of the home. This would involve the inspection of different items like plumbing, air conditioning, tubs, sinks, heating and faucets. A close look will be taken at the house from the roof to the foundation. Home Warranty Policy – it is a policy that helps you safeguard against repairs to the working systems like plumbing, air conditioning, heating etc. Personal Property – it includes appliances that are not built in and are not attached like plants in container, furniture etc. Limited Power of Attorney – It is a document that provides another person the legal ability to act for and sign papers for the seller or buyer in relation with the sale and purchase of a specific property. I hope that these terms will help you to have a better understanding when you are involved in a property deal.