Key Terms For Homebuyers

Dated: March 12 2022

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Key Terms for Homebuyers [INFOGRAPHIC] | MyKCM

Some Highlights

  • Knowing key housing terms and how they relate to today’s 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 home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction.

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up.

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Elisa Allen

There are plenty of houses on the market, but my goal is to help you find HOME. I have lived in 7 different states, and moved a total of 17 times. Thankfully, I now get to call beautiful East Tenne....

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