Real Estate Tips! ???????????????? Say What? Home-Buying Lingo You Should Know

If you are a first time home buyer, or even a repeat buyer, you quickly realize that real estate has a language all its own. Understanding some of the lingo can help you navigate the process a little easier. By learning a few critical terms, you will be in a better position to ask the right questions and make the best decisions.

? Buyer’s Market – A real estate climate where the amount of listings outnumber qualified buyers.

? Seller’s Market – A real estate climate when there are very few desirable properties listed for sale.

? Contingencies – Specific conditions included in offer to protect the buyer against unexpected situations, such as inspection, loan approval and appraisal value.

? Earnest Money – Money deposited when the offer is accepted. Subject to any contingencies, this money protects the seller from a buyer who simply changes her mind.

For more helpful tips call me and I can walk you through the process, explain more real estate terms and get you on the road to homeownership.

Amanda Fiebig, Realtor, AF Realty Group

(C) 478-952-2499 (O) 478-224-1919 [email protected]

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