Raleigh Realty
FEBRUARY 19, 2022
Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. If you're putting the majority of your savings into a downpayment, it's likely you can't afford the non-mortgaged cost. You now owe less than 80 of the home's worth on your mortgage.
Raleigh Realty
OCTOBER 10, 2021
Take a look at your home’s current estimated value, then look at how much more of your mortgage needs to be paid off. Once an offer comes in that piques your interest, inform your real estate agent so they may inform the buyer in a timely manner.
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Home Junction
MAY 12, 2020
In most cases, the smart thing to do is come back with a counter-offer, even if it is a small reduction. There are other factors that can be negotiated as well that would be favorable to a seller such as closing dates, down-payments, pre-approved mortgages, etc. Keep everybody at the negotiating table.
PennyMac
DECEMBER 22, 2020
The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. The property is then offered to the public at a foreclosure auction and typically sold to the highest bidder. Foreclosure.
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