Tuesday, August 30, 2022 / by Laura Miller Edwards Realty Group
If you’re buying a home, here’s what you should know about your home inspection and why it’s so important.
A home inspection is a crucial step in the home buying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road.
Let’s connect so you have an expert on your side to guide you through the process.
This blog post previously appeared on https://www.simplifyingthemarket.com/en/2022/08/19/why-a-home-inspection-is-important-infographic/?a=106260-312309902871c1f0d820820f58bf8fde. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. and the Laura Miller Edwards Realty Group do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investm. ...
for buyers, home buying, infographics, home inspections
Tuesday, November 2, 2021 / by Laura Miller Edwards Realty Group
Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market.
But is that the best move? Buying a home is one of the most important transactions in your lifetime, and it’s critical to keep your best interests in mind. Here’s a breakdown of what to expect from the appraisal and the inspection, and why each one can potentially save you a lot of time, money, and headaches down the road.
The home appraisal is a critical step for securing a mortgage on your home. As Home Light explains:
“. . . lenders typically require an appraisal to ensure that your loan-to-value ratio falls within their underwriting guidelines. Mortgages are secured loans where the lend ...
for buyers, home buying, home appraisel, first time home buyers, home inspections
Tuesday, February 16, 2021 / by Laura Miller Edwards Realty Group
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 a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.
The National Association of Realtors (NAR) explains:
“A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the ...
real estate market, for buyers, home appraisel, home inspections