Buying a Home? Here Are The Key Terms You Need To Know
Posted by Tyson Seable on Friday, March 11, 2022 at 2:00 PM By Tyson Seable / March 11, 2022 Comment
- It's critical to understand essential housing phrases and how they apply to today's market. When mortgage rates and housing prices rise, for example, it affects how much home you can afford.
- Appraisal (what lenders use to evaluate a home's worth) and inspection contingency (which offers purchasers important information about a home's condition) are two terms that have a direct influence on the transaction.
- If you're unfamiliar with the phrases used throughout the process, buying a property might be scary. Let's connect so you can get professional advice and guidance on any questions you might have.
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