Key Terms for Homebuyers [INFOGRAPHIC]

<article class="post-215066 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-215066"><span class="entry-date">March 11, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Key Terms for Homebuyers [INFOGRAPHIC]</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Key+Terms+for+Homebuyers+%5BINFOGRAPHIC%5D&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fkey-terms-for-homebuyers-infographic%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<h3><strong>Some Highlights</strong></h3>
<ul>
<li>Knowing key <a href="https://www.ftc.gov/sites/default/files/documents/one-stops/real-estate-competition/realestateglossary.pdf">housing terms</a> and how they relate to today’s market is important. For example, when <a href="https://www.simplifyingthemarket.com/2022/03/08/how-global-uncertainty-is-impacting-mortgage-rates/?a=712984-fa409495d5d70154d03a25e81e9540e2">mortgage rates</a> and <a href="https://www.simplifyingthemarket.com/2022/03/03/are-home-prices-continuing-to-rise/?a=712984-fa409495d5d70154d03a25e81e9540e2">home prices</a> rise, it impacts how much home you can afford.</li>
<li>
<a href="https://magazine.realtor/tool-kit/rookie/article/2020/02/real-estate-glossary">Terms</a> like <a href="https://www.simplifyingthemarket.com/2021/10/25/knowledge-is-power-when-it-comes-to-appraisals-and-inspections/?a=712984-fa409495d5d70154d03a25e81e9540e2">appraisal</a> (what lenders rely on to validate a home’s value) and the <a href="https://www.simplifyingthemarket.com/2022/01/28/why-your-home-inspection-matters-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">inspection contingency</a> (which gives buyers essential information on a home’s condition) directly impact the transaction.</li>
<li>Buying a home can be intimidating if you’re not familiar with the <a href="https://blog.firstam.com/15-real-estate-terms-you-should-know">terms</a> used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up.</li>
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