Glossary W

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Wood paneling, tongue-and-groove boards, or similar material installed between a baseboard and a chair rail.


A voluntary relinquishing of certain rights or claims.

Walk-out basement

A feature that allows a door to open onto ground level.


A buyer’s final inspection of the home to determine if conditions in the purchase agreement have been satisfied.


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 representing the lender’s cost of holding a borrower’s loan temporarily before it is sold on the secondary mortgage market.


A legally binding promise to do something in the future.

Water table

The level at which the ground is saturated with water.


The unit used to measure the rate at which a device consumes electricity.

Weather stripping

Individual lengths of rubber or plastic 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.


Watery areas such as swamps, marshes and floodplains.

Wild deed

An improperly recorded deed.


A legal document outlining the disposition of a person’s estate in the event of his or her death.

Window light

An individual pane of glass.

Window seat

A bench built under an interior window.

Window well

A curved, corrugated steel insert used to isolate basement windows from moisture if they’re below the soil line.

Window well covers

Curved plastic covers 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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Kaitlyn Espada

The Alaska Real Estate Lady
Signature Real Estate Alaska
(907) 414-1664