Remove Market Value Remove Mortgage Remove Open Houses Remove Sellers
article thumbnail

5 Mistakes to Avoid When Selling Your Home

Appraisal Hub

One day you’re optimistic because you met a seemingly committed buyer at the open house or showing, and the next day you’re frustrated because they changed their mind or didn’t follow through. You might even end up selling your home for less than its true value just to get it over with, which means you lose out financially.

article thumbnail

Understanding the Basics of Buying Your First Home - Part 2 - Researching and Finding Your Dream Home

Eppraisal

Now that you've assessed your financial readiness, obtained a pre-approval for a mortgage, and engaged a real estate agent, it's time to dive into the exciting process of researching and finding your dream home. In the first blog of our series, we covered the basics of preparing yourself for buying your first home.

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Reasons to Buy a Home This Fall

Zillow

Sellers tend to put their homes on the market in the spring, often listing their homes too high right out of the gate. These sellers have fewer chances to capture buyers after Labor Day. By October, you are likely to find desperate sellers and prices below a home’s market value.

Sellers 67
article thumbnail

Price Adjustments and the 2023 Market

Lamacchia Realty

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

article thumbnail

Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers. Here we are.

article thumbnail

Buyers, Don’t Make These House Hunting Mistakes!

Lamacchia Realty

Listing agents are contractually bound to act in the best interest of their seller, not the buyer. A buyer’s agent will be familiar with local real estate market values and can negotiate a fair offer for the home. Obtain a mortgage pre-approval before going into any open house.

Buyers 74
article thumbnail

Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc.