Key Terms for Homebuyers

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.