Are you in the market to buy a home? A lot of people are. The summer months are usually when the real estate market really heats up. With the ongoing shortage of home inventory, realtors are working hard to make their listings more attractive than their competition. Attempting to do so, some are including the finished… Continue reading How Many Times Would You Like to Pay for That Basement?
How much of your asking price will you get when you list your home today? Honestly, it depends on how in line with the market your asking price is. In the current market, it sure feels like the sky's the limit. While it appears that sellers are getting anything they want for their homes right now, in… Continue reading How Much Of Your Asking Price Will You Get?
Recently Fannie Mae and Freddie Mac have begun offering PIW's (Property Inspection Waivers) to certain borrowers under certain conditions. This enables the lender to provide a home loan without having an appraisal completed for the loan. Why? It really comes down to risk. Borrowers who meet certain criteria have a low risk of defaulting on their… Continue reading So You Qualify For A PIW…Now What?
What’s the difference between a “Bank” appraisal for lending vs. a private appraisal? If an appraiser appraises a home for a lender and on the same day performs a second appraisal of the same property for private party, will the values be different? I recently had a client tell me that their real estate agent said that bank appraisals… Continue reading Bank Appraisals vs. Private Appraisals…What Makes the Most Cents?