10 Terms To Pay Attention To While Searching For Your Dream Home

Buying a new home can be an extremely exciting time—but it can also be overwhelming for many buyers. After all, the housing market has been particularly unusual for the last couple of years.

So how does a homebuyer know what to focus on when searching for their dream home? Real estate platform ZeroDown analyzed real estate listings and compiled a list of 10 key terms to pay attention to when browsing for a home online.

Time on the market

The time on market is typically shown as the number of days the home has been on the market without an accepted offer and it can be a good indicator of how desirable a property is to other buyers.

There are numerous types of homes for sale in most markets, from multifamily properties to single-family homes, co-op units, condos, and townhomes, among others. And each type of property offers something unique to buyers.

Type of home 

Square feet

The square footage of a home is the total footage of the gross living area, or the spaces that can be “lived” in—like the bedrooms, the bathrooms, and the kitchen, but not the garage or unfinished areas like an attic or basement. The square footage of a home will affect a home’s price.

The year the home was built can have a big impact on the cost of the home—and the amenities or features it offers (or does not offer). For example, newer homes tend to appraise for higher values, which affects the price of the home.

Year home was built

Condition of home

The home’s condition can indicate how much money you’ll need to shell out now or in the future for repairs—and can also play a part in how much you offer for the property.

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