As you know from previous conversations, appraisals are required by the lender to determine the value of their investment. Sometimes sellers reach out to the appraisers prior to listing the property in order to price it right. Also, your agent will run CMA (this is not an official report that you can use for your […]
Ideas by Sky
Due diligence refers to the time period that starts after your offer to purchase is accepted and it ends upon closing. The duration of this period is usually of the due diligence period is typically flexible and the deadline is negotiated between parties. This is your chance to determine any potential problems with the home […]
If the seller agrees to the original offer or a later counteroffer exactly as it is made and signs the document, the offer has been accepted and a contract is formed. Your agent must advise you of the seller’s acceptance and obtain the approval of the parties’ attorneys if the contract calls for it. She […]
What amount should I offer for the home I am interested in? Your agent will give you this answer by running a report called CMA (Competitive Market Analysis). A CMA is an estimate of a home’s value based on recently sold, similar properties in the immediate area. The analysis considers the location, age, size, construction, […]
In order to understand how the offers are made we must understand first what it means exactly. An offer is a promise (this usually is something financial/monetary) made by the buyer, requesting something in exchange (this is usually the property/estate) for that promise. The offer is made with the purpose that the seller will be conjugated to the terms […]
Time to review and discuss findings Looks like your agent has the lists now and you know what to expect from her once you start visiting open houses. At this point, by looking at the listings your agent prepared for you, you might start feeling a little overwhelmed. Indeed, either it is your first house […]