Originally published on: August 16, 2022 by Lily Katz and Sebastian Sandoval-Olascoaga from REDFIN. Original article here: https://www.redfin.com/news/home-purchases-fall-through-july-2022/ About 63,000 home-purchase agreements were called off in July, equal to 16% of homes that went under contract that month. That’s the highest rate in more than two years. Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% […] With a continuing hot real estate market, many contracts are written with an appraisal bridge, or appraisal gap, written in. As a buyer this may be confusing and get overlooked when you agree to write this in. Let’s explain what this means and how it will affect your bottom line, or what you bring to […] The appraiser is the person who evaluates your property to determine its value. If you want a higher appraisal, you’re going to need some expert help. Here are five strategies that will increase your success rate when it comes time for an appraisal review: Audit your house’s interior to see what needs improvement and make […]
Tag Archives: appraisals
Homebuyers Are Increasingly Backing Out of Deals as Slowing Market Boosts Negotiating Power
Understanding Appraisal Bridges, Explained
A quick quip about appraisals and why they are so important to the home buying process
