Most people know that springtime is widely considered the busiest season for the real estate market. But did you know that the fall is a close second? Back from summer vacation, with the weather becoming more temperate and the kids back in school, fall is an ideal time to list your home for sale.
How do you determine whether it’s a good idea to upsize your home? It might seem like a question with an obvious answer, but sometimes people decide to upsize for the wrong reasons, ending up with “too much house” or unnecessary debt.
As it is, house hunting is an involved and exhausting process. Add into the mix being in a position where you have to bring your children in tow and the stress level rises. Whether you have crying babies, active toddlers, or moody teenagers along for the ride, there is no doubt a house hunt with your kids can present a whole extra set of challenges.
If you’re thinking of buying a home soon, you may be wondering about some of the language you’ll hear. Since a home sale involves many people – real estate agents, attorneys, lenders, appraisers, and inspectors, just to name a few – some of the lingo tossed around might be confusing, especially for a first-time buyer. Financing a home, in particular, carries with it some terms that are important to understand. Here is a brief primer on some of the terminology you can expect to hear as you head down the path to home ownership.