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Great news! No need for an appraisal. Or is it really??

Town & Country Residential Appraisals

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”.

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Say What? Home-Buying Lingo You Should Know

Zillow

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. FHA 203(k) : A rehabilitation loan backed by the federal government that permits home buyers to finance money into a mortgage to repair, improve or upgrade a home.