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

Dated: September 16 2021

Views: 201

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

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

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

Blog author image

Lorie Brodie

I’m a full-service real estate broker with EXP Realty, and I provide my clients with the advice and support that they need to buy, sell or invest in Toronto real estate. I'm obsessed with making yo....

Latest Blog Posts

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

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]Some HighlightsThe language of buying and selling a home may sound scary at first, but knowing how key terms

Read More

Three Hot Topics in the Housing Market Right Now...

3 Hot Topics in the Housing Market Right NowIf you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The

Read More