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4 Ways to Deal If Your Appraisal Comes in Low

Realtor

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. You have four options: 1.

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10 Things Most Homebuyers Get Wrong About Getting a Mortgage Today

Realtor

Getty Images While buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve. Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today.

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Although inventory is slightly higher now than this time last year, competition is still fierce.

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Can I Take Out a Loan to Remodel My Home?

Assurance Financial

One of the first things you learn when you’re in the market for a new home is that no house is perfect. There will be things you like and dislike about every home you see. After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Why Remodel Your Home?

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Appraisers Riding the Waves of Up and Down Mortgage Rates 

Appraisal Today

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of experience, and experiences. Appraisers were busy cranking out appraisal reports.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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Find Out What Really Happens When You Waive Contingencies to Score a Home

Realtor

When you make an offer on a home, it’s standard to throw in some contingencies —telling the seller that if the home isn’t up to snuff for a variety of reasons, you have the right to walk away from the deal—with all of your cash in hand. That’s all hunky-dory in a buyer’s market.

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