Buying a home can be intimidating if you are not familiar with the terms used during the process.
To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’
Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] was last modified: October 12th, 2018 by Brenda Jones
According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.
NAR’s Chief Economist Lawrence Yun had this to say: “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining. The root cause is without a doubt the severe housing shortage that is not releasing its grip on the nation’s housing market.”
Existing Home Sales Cooling Off This Summer [INFOGRAPHIC] was last modified: August 10th, 2018 by Brenda Jones