Every Thursday we are tracking the three T’s - Trust-Busting, Taxes, and Tapering; biggest risks to the economy and capital markets.
Each week we're looking for a California real estate market that's heating upppp - and this week's one might actually surprise you!
Mid-century modern homes grow in popularity with every passing day. If you've been hunting for one yourself, here are five beauties for sale in the Bay Area right now...
This gem of an estate is nestled in the heart of Belle Meade, Nashville, and looks like something right out of a movie. Come take a peek inside...
Does this home in Gilroy make for a smart purchase?
Does this Oakland home have improvements that significantly increase the comfort and value of the home?
To ensure that the buyer (and lender) is paying a fair amount for the home, buyers insert an appraisal contingency, which allows the buyer the ability to walk away from the purchase without penalty if the appraisal returns a value lower than a set value (usually the purchase price). Aside from walking away, the buyer can renegotiate for a lower price with the seller, request that their lender make an exception, and approve their loan as if the property had appraised to match the purchase price or make up the difference between the purchase price and appraised value via their own funds. In most cases, if the buyer makes use of the appraisal contingency to walk away, they are likely to receive a complete refund of their earnest money. However, buyers must be cautious and include this in the contract to avoid problems at a later stage.
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