My house has a va buyer who is already approved so i thought it would be a snap. The realtor is good and we have negotiated all the “stuff” easily. Treasurer of Hoa is out of the country so no bank account statement. Amazingly enough when escrow sent a demand, they found it.
That is an average. Appraisers don’t average. They pick the ones closest and measure up or down according to the features of the comps. Something that is on a dead end street is worth more than the same house on a busy street. B edrooms and baths matter. Additional features matter. It’s an art-not a science. After you have been doing it awhile, you get the hang of it. you also can’t go back more than 3 months and no more than a mile away. This is ok to get a general idea but to be really sure, you need to visit the comps. Neighborhoods change block to block. Major streets also become neighborhood boundaries.
The supreme court is going to hear whether the local courts can dismiss a loan on a property that is upside down.This could be far reaching. Stay tuned.
We have reached a meeting of the minds, as they say, on my house. My years of dealing with realtors have taught me well.
When i got the contract i rprinted it and read EVERY LINE AND LOOKED AT EVERY BOX CHECKED. These are the things that can come up later and bite you in the you know what. Instead of going back and forth with paper pushing to make changes, i called the realtor and worked out the details orally. Of course, nothing means anything until its in writing, but patience is not my strong suit so i like to talk first.
Amazing, i always tell my students that when they are figuring the costs involved with buying and selling a property, they have to figure on 2 sets of closing costs, realtor costs and repair costs. The extra thing you don’t expect is the selling broker sneaking in a request to have you as seller pay a bunch of the buyer’s closing costs,