Key takeaways: If you’re planning on buying a home, you’ll likely have to navigate both an appraisal and a home inspection. Appraisals and inspections can tell you more about a home before you commit to purchasing it, and they’re two crucial steps you won’t want to skip. Need help understanding the buying process? Contact Linda […]
Simply put, the answer is no. Many Wake County home buyers are disappointed when their house appraises for contract price especially if they felt they had negotiated a great deal. Remember, the appraisal figure is not your home value. Its purpose is to justify and secure the bank’s decision about loaning the money you and […]
The appraisal process for a new mortgage can be confusing to both Triangle area home buyers and home sellers. The purpose of an appraisal isn’t to determine the true value of the home, but, to instead help the bank determine if they should grant the loan for the total asking amount. This is for the […]