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 […]
Dibs! What is the Right of First Refusal in Real Estate?
I recently helped a client buy a house for which a third party had the “right of first refusal” (ROFR). My buyer had never heard of this term, and so I thought it would be a useful term to explain for others who may encounter it when looking to buy or sell a home. Very […]
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 […]