Key Takeaways: The combination of low inventory and high demand is creating an unprecedented amount of appraisal gaps in today’s ultra-competitive market. Appraisal gaps occur when the price of your contract doesn’t match up with the appraised value of your home. Appraisal gaps impact every aspect of your real estate transaction, from the financing to […]
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Appraisal or Home Inspection—Do You Really Need Both?
Key takeaways: A potential buyer should get both an appraisal and inspection in order to ensure they are paying the correct price for their potential home. An appraisal represents the value of the home, whereas an inspection evaluates the home’s overall condition. Want an expert’s help in determining what to offer for your dream home? […]