What happens after your offer to purchase a home is accepted? The weeks leading up to closing can either be stressful or uneventful; there may be many unexpected things that come up or, if you’re lucky, it may be smooth sailing. Either way, as either a buyer or seller, knowing what to expect during this […]
appraisal
Why Smart Buyers Make Pre-Approval Their First Step
What’s my first step in buying a house? I was recently asked this by my brother-in-law, who has been thinking of buying a home for the first time. He explained, “My lease is up in March, but I’m not really sure what to do first.” He’s not alone. Many first time home buyers aren’t quite sure what they […]
What’s the Difference Between Appraised and Assessed Value?
There are two similar terms that you will come across if you are in the process of buying or selling a home: appraised value and assessed value. Each one attempts to represent the value of a house—and yet it’s unlikely the two numbers will agree. So what does each one mean? And how do they […]