Once upon a time, in a land far away,
Lived a bunch of words, who loved to play.
They often talked about buying and selling,
And the words they used were oh so telling.

The first word in our story is "assumption",
It means to believe without real confirmation.
Don't assume things, it's not very smart,
Always ask questions and do your part.

The next word is "agent", who helps you buy or sell,
They work for you and their knowledge is swell.
An agent will show you houses and land,
And help you make an offer that's grand.

"Appraisal" is a word that means to assess,
The value of a home or other address.
An expert comes to check it out,
And gives you a report without a doubt.

"Appreciation" means to value and admire,
Something you have that you truly desire.
Your home can appreciate over time,
And that's always a good sign.

A "broker" is a word that's not very complex,
They help buyers and sellers to connect.
They bring them together and make a deal,
And everyone walks away with a great feel.

A "contract" is a word you'll hear a lot,
It's an agreement that ties the knot.
When you buy a home or other thing,
A contract is what you'll need to bring.

And last but not least, there's the "buyer",
The one who's looking for something to acquire.
They want a home that's cozy and grand,
And they're willing to make an offer that's in demand.

So, these are the words that we've talked about,
They're important to know, without a doubt.
If you're ever looking to buy or sell,
Remember these words and you'll do quite well.

Reflections

1. What is the role of an agent in buying or selling a home, and why is their knowledge important?
2. How can assumptions impact the process of buying or selling a home, and why is it important to ask questions instead?
3. How does an appraisal help buyers and sellers to understand the value of a property?
4. Why is it important for both buyers and sellers to have a broker to help them connect with each other?
5. How does a contract help to establish an agreement between buyers and sellers, and what happens if one party doesn't follow the contract?