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Key Terms For Homebuyers

Tuesday, March 15, 2022   /   by Mikayla Gorman

Key Terms For Homebuyers

Key Terms for Homebuyers [INFOGRAPHIC] | MyKCM

Some Highlights

  • Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford.

  • Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction.

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up.

  2022, home prices, housing market, keeping current matters, real estate, jason gorman real estate team, spring market, housing supply, buyers, buying a home, first time home buyer