Does this home have amenities and is it located in a place that emphasizes peace and quiet? Based on this criteria, and the points below, we believe so!
This two-bed, one-bath Fairfax home is located in a neighborhood with an average of fewer than 50 decibels of noise, comparable to a quiet office.
It has a living space-to-lot ratio just a little better than 1:3, and a large patio with a view, enhancing the peaceful atmosphere, as well as a secluded private hot tub. It is within easy driving distance to nearby Deer Park and Cascade Canyon Preserve.
This combination of a quiet location, large outdoor space, peace-enhancing amenities, and nearby access to nature and greenery have earned this property ZeroDown’s 'Restful' Hot Pick.
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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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