Are you wondering how to negotiate after a home inspection? Negotiating after a home inspection is a skill and an art. The cost of a home inspection is relatively mild compared to the purchase price. A buyer can easily walk away when negotiations after a home inspection fail. A house is never bought or sold until the money exchanges hands. You may have received an offer on your house and be reasonably sure you have a buyer, but there are several other steps you must go through before the sale...| Maximum Real Estate Exposure
Many things happen when you buy a new home, and sometimes things don't go your way. When purchasing with a mortgage, one issue you can have is an appraisal gap. If there is an appraisal gap, you could lose your dream home. We will examine what happens when the real estate appraisal is lower than the purchase price and what you can do about it. From three decades of experience selling homes, I have dealt with appraisal deficiencies several times. What is an Appraisal Gap? The simple explanatio...| Maximum Real Estate Exposure
When buying your first house, understanding pre-approval for a mortgage becomes essential. Many first-time buyers will seek knowledge on how to get pre-approved for a mortgage. Some will hear mortgage pre-qualification vs. pre-approval and wonder if there is a difference. There has been some confusion among those looking to buy a home and qualify for a mortgage loan regarding the difference between a pre-approval and a pre-qualification letter. Indeed, they sound similar, so hearing these ter...| Maximum Real Estate Exposure
What is a Home Inspector? Are you looking to find an outstanding home inspector? Choosing a home inspector is part of the home-buying process, which can significantly impact your satisfaction with your future home. For a potential home buyer, it is an investment that cannot be understated, A home inspector is a professional engaged in performing the service of assessing a property's condition. It can be a pre-sale inspection for a seller or, more commonly, for a buyer with a property under co...| Maximum Real Estate Exposure
What to Know About Buying New Construction Homes Are you thinking about buying a new construction home? The idea of purchasing a brand-new house is appealing to many homebuyers. Going directly to the builder and being the first to live in a home offers advantages. However, buying a newly constructed home isn’t the same as buying from a homeowner. With a new construction home, some similarities exist to buying resale or even older homes. But there are also many differences that you need to c...| Maximum Real Estate Exposure
What is an Appraisal? Appraisals and appraisal contingencies are standard parts of most real estate transactions and the home-buying process. A real estate appraisal is often conducted when purchasing a home and getting a mortgage. It ensures that you pay the fair market value for a property. Appraisal is a requirement of mortgage lenders before they provide financing. They want to ensure that the asset they're lending against has sufficient equity. The home appraisal establishes a value base...| Maximum Real Estate Exposure