Daily Archives: March 13, 2022

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates.

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face.

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you?

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. Lean on a trusted advisor so you have an expert guide and advice for any questions that may come up.

If you’re thinking of selling your house this year, timing is crucial.