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Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]

July 23, 2021 by Carlos

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC] | Simplifying The Market

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC] | Simplifying The Market

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.

Filed Under: Buy A House

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Compass is a licensed Broker in the state of California and is a leading authority in the Bay Area, CA. Our love for the communities we live and work in is why we do what we do. Stop by the office or call me directly and experience the Compass way of East Bay area real estate. We look forward to connecting!

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