One of the questions I often field as a real estate agent from buyers and sellers is the difference between a pending home sale and a contingent home sale. Some will also ask what a contingency means as well. The meaning of contingent is not difficult to understand and neither is pending However, if you are not buying or selling real estate daily, there is quite a bit of lingo that can make you wonder. When you start looking real estate listings, you will come across properties in different s...| 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
Have you heard the real estate term 'CMA' and wondered what it was? It's an abbreviation for comparative market analysis. Sellers and buyers should understand a comparative market analysis in real estate. If you are selling your home, deciding how much to ask can be difficult. Likewise, choosing how much to offer for the home is crucial when buying. Whichever side of the real estate transaction you are on, getting this wrong could cost you thousands of dollars. Having an appropriate listing p...| Maximum Real Estate Exposure
The Definition of a Buyer's Market In real estate sales, there are essentially three types of markets. There is a buyer's market, a seller's market, and a balanced market. The differences between buyers' and sellers' markets are like night and day. Real Estate markets go through cycles. The real estate market never stays the same as outside forces change it in one direction or another. When there is a buyer's market in place, more homes are available for sale than people looking to buy them. ...| Maximum Real Estate Exposure
Massachusetts is a competitive real estate market. To win a bidding war, start with a pre-offer house inspection. Craft a standout offer by being flexible ...| Massachusetts Real Estate News
The different levels of risk when home buyers waive contingencies in multiple offer situations.| MySeattleHomeSearch.com