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

The language of buying and selling a home may sound scary at first, but knowing how key terms relate to todays 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 homes value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
You dont need to be fluent in the language of the market to buy or sell. Instead, lets connect today so that we can translate the process together.