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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Featured Property: 12020 Maycheck Ln

This gorgeous home has it all! With a total of 4 bedrooms and 2 bathrooms set on more than a quarter acre, this home is waiting for you. From the front entrance you're greeted by a well landscaped yard and colorful garden. The first level features 2 bedrooms, 1 full bath, living room, separate dining area, kitchen, laundry and garage. Easy access to the patio and large rear yard for grilling, entertaining or just to sit al fresco. The upper level features two additional bedrooms separated by the second full bath. Home needs a little updating but the original owners have done so much to maintain its integrity and keep it up-to-date. The living space is sure to satisfy all your needs in a cozy cape cod that's close to everything (Bowie Town Center, shopping, restaurants, gym and more)--a great price as well!
 
 
 
 
 
 

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