Pop Quiz - Housing Market Key Terms

Pop Quiz Housing Market Key Terms you’ll need when you’re in the market looking to buy property. Here’s our easy graphical way of getting more familiar with the key terms you’ll hear, and want to know!

Buyers that work with real estate agents generally have a better understanding of these terms. Why? These ARE the terms agents use to help guide buyers through the process. Good agents take the time to walk buyers through all the steps they need and want to understand. They won’t steer or push… just educate and inform. It’s important to understand these key terms and how they apply to your individual situation.

Some Highlights

The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up.
Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together.