Key Terms for Homebuyers [INFOGRAPHIC]

Knowing key housing terms and how they relate to todays 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 homes value) and the inspection contingency (which gives buyers essential information on a homes condition) directly impact the transaction.
Buying a home can be intimidating if youre not familiar with the terms used throughout the process. Lets connect so you have an expert guide and advice for any questions that may come up.