If you're planning on buying a home and want to find one in an area where the Covid-19 vaccine is successfully making the rounds, we've got you covered...
Today we're venturing to the ever-glamorous Hollywood Hills to this 1962 mid-century modern residence is located... and you won't be disappointed.
Every Thursday we are tracking the three T’s - Trust-Busting, Taxes, and Tapering; biggest risks to the economy and capital markets.
Does this San Francisco home have improvements that significantly increase the comfort and value of the home?
For a homebuyer who is concerned with reducing their environmental impact, does this Los Gatos home offer amenities, and is it located in a place that can help the buyer achieve those goals?
Does this Aptos home have amenities and is it located in a place that emphasizes peace and quiet?
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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