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...
So one of the questions I get asked a lot is, "Is Richmond a good place to invest in real estate?". And I would say, yes. I'm probably a little biased, because I love it here, but yes, it is. And there are a few reasons for that.
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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...
So we've talked a lot about whether it's a buyer's or seller's market and obviously all the data shows, and anecdotally, I can attest to the fact that it is still very much a seller's market here in central Virginia, in the metro Richmond a...
It's January, and everybody's making their list of things that they want to accomplish in 2024 and I'm right there with you. But if one of the things that you want to do this year or hope to do this year is buy a home, one of the questions ...
Who is the appraiser anyway? How did they get picked? How did they come into the transaction? What did they know?
One of the most commonly asked questions about an appraiser or the appraisal process, especially if it's not going the way ...
If you're thinking of buying or selling a home, one of the things that's going to affect you on either side is the appraisal. So I'm going to do a short chapter, series, number of episodes on appraisals and tackle some of those frequently, ...