Posts Tagged ‘APPRAISAL’First Time Homebuyer Spotlight: How Much Does it Really Cost to Buy a House?This post first appeared in the November edition of Cirios Trends: Getting to the Bottom of the Housing Market When trying to determine if they can afford to buy their first home, many first time homebuyers leave out a whole host of costs that then become unwelcome surprises once they’re already emotionally invested in a [...] First Time Homebuyer Spotlight: Which Lender is Right For You?This post first appeared in the September edition of Cirios Trends: Getting to the Bottom of the Housing Market One question almost every first time homebuyer asks us is: “Who should I talk to about getting a mortgage?” The easy answer is: “Whoever gives you the best rate and terms.” While this answer does have [...] Limitations of a Home AppraisalBy RYAN TAYLOR What exactly does an appraisal mean? Perception doesn’t always equal reality. The perception is that an appraisal represents the most accurate value of a property. The reality is that it’s a value provided by a licensed professional, given the purpose and functional use of a property on a given day. The key [...] Keepin’ It Real Estate: Do Loan Modifications Work?By ANDREW JEFFERY This post first appeared on Minyanville. With millions of homeowners falling behind on their monthly payments, one in 6 underwater, and countless more struggling to keep up, politicians and banks alike are jumping on the loan modification bandwagon. A modification – or “mod,” as it’s known in the industry — is simply the [...] |