How Do Mortgage Companies Value A Property That Has Not Been Built Yet?
The task of determining the value on new construction projects does pose some challenges. There may not be comparables that ideally represent your home.
Appraisals on homes that haven’t... Continue Reading >
Hazard Insurance [incity]
Hazard Insurance can be a great thing to have for many homeowners, as it does protect homeowners against damages that may be caused by fires, severe storms, earthquakes or other natural disasters that could hit home.
Mother... Continue Reading >
A deficiency judgement is where the mortgage lender files in court to require the borrower pay them the difference between what they owed on their mortgage and what the property sold for in a short sale or a foreclosure.
The deficiency... Continue Reading >
Is It Better To Short Sale or Foreclose On Your [city] Property?
Whether you have fallen behind on your mortgage payments, are attempting to negotiate a loan modification with your lender or contemplating a strategic default, the ultimate goal should be... Continue Reading >
Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices
Appraisals [incity] are meant to be a realistic determination of the value of a home if it were to sell in the current market, in its current condition.
Why is there such... Continue Reading >
Five Myths About Home Values
When home values are going up, most homeowners do not question appraisals.
When property values are declining, home sellers and even listing agents quite often question and pick apart appraisals.
However, the actual appraisal process changed very little... Continue Reading >
What You Need To Know About The Home Inspection Process [incity]
Congratulations on finding a house [incity]!
Once the seller accepts your offer “Time is of the Essence”. Depending on your purchase contract you now have only a few days from when... Continue Reading >
HOA Hurdles to be Aware of When Looking at New Properties
A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project.
According to Wikipedia:
"A homeowners’... Continue Reading >
Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction
When purchasing a foreclosure, short sale or new construction home [incity] it is important to understand they each have their own unique factors that can affect... Continue Reading >
Where Does My Earnest Money Go?
A basic and very obvious question that most first-time [city] home buyers ask once their purchase contract gets accepted.
When a buyer makes an offer to buy residential real estate, he/she generally signs a contract... Continue Reading >
