Remove Contracts Remove Decorating Remove Renovations Remove Tools
article thumbnail

Appraiser Has Very Big Problems With Borrower

Appraisal Today

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

article thumbnail

How to Avoid Hurting Your Home Appraisal: Cleaning, Updating & Fixing

Listing Spark

If the yard is full of toys, tools, or other items, it will be difficult for potential buyers to get a good idea of what the property could look like. Check out our home-seller checklist which will guide you through your home sale from pre-listing to contracts and closing. Update your decor. What hurts a home appraisal?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inheriting A House? Here Are Your Options

Quicken Loans

In situations where the loan contract includes a due-on-sale clause , immediate repayment might be the only choice you have if you want to inherit the home without occupying it. Keeping those capital gains taxes low isn’t always easy, but inheritors do have one helpful tool they can use to better manage their taxes. Step Up In Basis.

article thumbnail

How to Contest a Bad Appraisal

AmeriMac

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. Renovating your kitchen, bathroom, or bedrooms. Updating your house’s decor. Other ways include: Using online valuation tools to assess the value of their homes.