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

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

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.

 

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Trevino Properties does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Trevino Properties will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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Alex Trevino

The team at Trevino Properties is a group of highly skilled and experienced real estate professionals who are dedicated to helping their clients navigate the complex real estate market. With a focus on the homes and lifestyles of Silver Lake, Eagle Rock, Mount Washington, Los Feliz, and Echo Park, they have in-depth knowledge of the local market and its unique features. Their passion for real estate, combined with their expertise and personalized service, sets them apart from other real estate firms. The team at Trevino Properties is committed to providing the highest level of service to their clients and always working in their best interests to achieve their real estate goals.

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