home appraisal: What You Need To Know About Your Home Appraisal And Your Mortgage
- 05/24/18 05:44 AM
When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted. Next the buyer schedules the inspection and home appraisal. Finally, everyone is ready for closing. It’s easy to overlook the impact of some of these steps, but when it comes to a mortgage, the home appraisal is actually quite important. Banks want to see that they are lending money for an investment that is worthwhile, so that appraisal is a crucial step to getting financing. Here is what buyers need to know about … (0 comments)
home appraisal: Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices
- 09/25/13 12:10 AM
Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices Home prices were still gaining in July, but for 15 of 20 cities included the S&P Case-Shiller 10 and 20-city Home Price Indices, the pace of increasing home prices is slowing down. National home prices rose by 1.80 percent in July as compared to 2.20 percent in June. Home prices grew by 0.60 percent from June to July on a seasonally-adjusted basis. This was the lowest month-to-month gain since September 2012. David Blitzer, index committee chairman of S&P Dow Jones Indices, said that higher mortgage rates are hitting the … (0 comments)
Experienced home sellers in Montgomery County know that reaching a sales agreement with a potential buyer can be just the start of the negotiation process. There are often inspection issues to resolve, among other items. One particular negotiation point which can present difficulties for both buyers and sellers is when a home's appraised value falls short of its contracted sales price.
Sometimes, this happens because the home's price was inflated. Other times, it's the result of a faulty appraisal. As a home seller, there are some common appraisal problems of which you should be … (0 comments)
When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted.
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