Appraisal

If You’re a Buyer, Is Offering Asking Price Enough?

dolanorourke
September 27, 2021

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the

What Buyers and Sellers Need To Know About the Appraisal Gap

dolanorourke
August 31, 2021

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]

dolanorourke
July 23, 2021

Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to

What To Expect as Appraisal Gaps Grow

dolanorourke
June 29, 2021

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than

What’s the Difference between an Appraisal and a Home Inspection?

dolanorourke
January 26, 2021

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending