If you've been thinking about getting into the real estate market, whether you're thinking of buying or selling, you have probably heard a lot about all of the changes that are coming primarily regarding commissions in the real estate indus...
If you're thinking of buying a home, you're probably talking to different people, doing some research online, hearing different opinions, and maybe stressing out a little bit about, "What if I make the wrong decision?". Yes, this is a huge ...
So if you've followed along thus far with all of my videos about appraisals and how they might impact your transaction, thank you. This is the sort of wrap-up. I'm going to talk about a couple of frequently asked questions, commonly asked q...
So what do you do if there is an issue with the appraisal?
Let's give an example. You purchase a house for $450,000 and the appraisal comes back and it's $425k. Now, what do you do?
Well, in our contract, and again, this is the Centra...
So maybe you've followed along with my appraisal series, maybe you're in a transaction, maybe you're contemplating what might happen in a transaction and you're thinking, but Cindy, we don't want to put an extra $10,000, $20,000 in a house ...
All right, so let's talk about the nuts and bolts when we're talking about appraisals. Who pays for the appraisal anyway? And if I'm selling my home, and somebody's gonna come in and put a value on it, that's different than the value I put ...
So we know what the appraiser does, who they are kind of, but who picks them? And okay, I can't pick them. But who does? And how does that affect me?
Well, if you're the purchaser, you really don't have any input on the appraisal process...
So I've seen a couple of things in the past day on social media talking about getting your pre-approval letter, getting pre-qualified with a lender, and getting ready to buy a home. So I wanted to clarify a couple of things.
One thing th...
I may have mentioned before, back in the olden days before the mortgage crisis of 2007/2008, the appraisers were able to be chosen. So, maybe somebody had a specialty in the city of Richmond and that is the appraiser that everybody would ca...
Let's talk about timing the markets. I think it's a thought that sounds really good in theory, but in practice, it's a little difficult.
So obviously, we always want to sell high and buy low. I think that's kind of the idea that we all h...