Wednesday, December 17, 2008

Appraisals / Market Analysis

The housing market is changing on a daily basis.

It is important to work with a Realtor in the market in which you are looking to buy a home.

Once you have located a home you are interested in, it is important to understand the current value.

When financing a home, the lender will order an appraisal. However, if you are paying CASH for a home, I will still advise you to pay for an independent appraisal to ensure you are not paying too much for the home.

When preparing an offer we can write the offer subject to a satisfactory appraisal. This will allow you, the buyer, an opportunity to re-negotiate or to cancel the contract if the appraised value does not at least equal the contract sales price.

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