Real Estate Glossary - Letter D

• Damper — A movable plate in a fireplace that allows smoke and fumes to travel up the chimney's flue.
• Days on the market — The period of time a property is listed for sale until it is sold or taken off the market
• Deadbolt lock — Locks that require a key to open from the outside and a turn button from the inside.
• Debt — Any amount one person owes to another.
• Deck — A roofless, floored area that adjoins a house.
• Deed — The legal document that transfers ownership of a piece of property.
• Deed of trust — A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan.
• Deep-seal floor drain — A drain used to dispose of water from the basement floor to a sewer line.
• Default — The failure to fulfill a duty or promise or discharge an obligation, such as making monthly mortgage payments.
• Deferred maintenance — Any repair or maintenance of a piece of property that has been postponed, resulting in a decline in property value.
• Delinquent mortgage — A mortgage that involves a borrower who is behind on payments. If the borrower cannot bring the payments up to date within a specified number of days, the lender may begin foreclosure proceedings.
• Density test — An analysis of soil to determine if the surface can support the foundation of a house.
• Dentils — Small rectangular blocks that project from a building, usually under cornices or along rooflines.
• Deposit — Money given by the buyer with an offer to purchase property. Also called earnest money.
• Depreciation — The decline in value of a piece of property.
• Design/build — A project in which the owner contracts directly with an individual or company to perform design and construction.
• Designer — Unlike architects, designers are limited to drawing blueprints.
• Digital images — Images that are incorporated into house listings to give potential buyers a view of the property.
• Dimension plans — Plans which show the layout of a house but are less detailed than full blueprints.
• Disability insurance — An insurance policy which covers an individual's ability to produce income.
• Disclosure — A statement to a potential buyer listing information relevant to a piece of property, such as the presence of radon or lead paint.
• Discount points — Fees that a borrower pays at the time the lender makes the loan. A point equals 1 percent of the total loan amount.
• Distressed property — Property that is in poor physical or financial condition.
• Document needs list — A list of documents a lender requires when a potential submits a loan application.. The required documents range from paycheck stubs to credit card statements.
• Domed ceiling — A hemispherical ceiling that projects upward without support.
• Domicile — A person's primary or permanent home.
• Dormer — A window set upright in a sloping roof.
• Double-hung window — A window that consists of two sashes that slide up and down.
• Dovetail joints — Joints that lock two pieces of wood together with meshed teeth.
• Down payment — The amount of money a buyer agrees to give the seller when a sales agreement is signed. Complete financing is later secured with a lender.
• Down spouts — A vertical gutter that empties water from the roof to the ground.
• Drainage — A system of gutters and drainpipes that carry water away from the foundation of a house.
• Draw — A payment made to subcontractors or suppliers from a construction loan.
• Dropped ceiling — A flat ceiling built lower than the original ceiling.
• Dry rot — A fungal decay that causes wood to become brittle and crumble.
• Drywall — A construction material composed of gypsum or plaster wrapped in paper and produced in large sheets that can be nailed to wall studs.
• Dual agency — A relationship in which a real estate agent or broker represents both parties in a transaction.
• Duct — Any kind of pipe or channel that carries water, wiring or conditioned air through a house.
• Due-on-sale clause — Standard language in a mortgage which states that the loan must be paid when a house is sold.
• Duplex — A structure that consists of two separate family units.
• Dutch colonial style — A design that features barn-like gambrel roof, a ground-level front porch, and dormers.