Archive for July 2022
Can a Seller Back Out after a Low Home Appraisal?
Low appraisals have become the norm for the inflated real estate industry lately and for good reason. Bidding wars have caused home prices to inflate significantly, but the prices aren’t always warranted. Many buyers covered the difference because they had faith the values would bounce back and the home would be a good investment, but…
Read MoreDo Lenders Require a Home Inspection for Mortgage Approval?
Securing home financing can feel overwhelming. Lenders ask for a lot of information not only about you, but the property too. It’s their job to make sure the collateral is worth what you’re paying so they don’t get in over their heads if you default. One question that comes up often is whether lenders require…
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