Two Reasons The Home You Want To Purchase May Net A Low Appraisal

Posted on: 18 April 2017
Banks want to minimize their risks and will typically only loan buyers mortgages equal to the home's market value. This is why it can be distressing when a home appraises for lower than the asking price. Here are a couple of reasons why this can happen and what, if anything, you can do about it. The Appraiser Uses Outdated, Non-Local, or Just Bad Information In addition to inspecting the homes, appraisers use what are known as comps to assist them with determining how much a home is worth.
[Read More]

2 Reasons To Work With A Real Estate Agent To Find A Rental Property

Posted on: 18 April 2017
If you are new to an area and need to find a rental property to live in, then you are likely going to feel like a fish out of water when it comes to find a rental that is going to be a good fit for you. You are likely going to be very unfamiliar with the area that you are in, which is going to make navigating in and of itself difficult for you.
[Read More]

How A Large Down Payment Can Help You Build Equity Faster On Your Vacation Home

Posted on: 18 April 2017
For many vacation home buyers, this purchase may be your first non-primary-home real estate purchase. There's still a long way to go before you become a full-fledged house-flipper or real estate agent (if either of those is a goal of yours), but increasing the number of homes you own can be a great wealth management strategy. And the faster you build equity on this vacation home, the sooner you'll own it free and clear and can start thinking about what properties you'd like to buy next.
[Read More]

Buying A Home? Why You Should Be Present During The Home Inspection

Posted on: 13 April 2017
No serious person will buy a house without having it inspected first. In fact, you should make it a point to be present during the inspection; here are a few things your presence can accomplish: Get Issues Explained in Person If you are present during the inspection, you can get all the issues explained in person, which gives you the opportunity to hear their in-depth discussions instead of waiting to read about them in the report.
[Read More]