February 26th, 2015 at 2:00 pm
Most buyers and sellers know a home appraisal is required as part of a real estate transaction. Not all of them realize, however, that the appraisal’s results pretty much run the show. The only exception is an all-cash deal.
An appraisal is an unbiased professional opinion of a home’s worth. In all 50 states, home appraisers are required by law to be licensed or certified. Each appraisal encompasses a variety of factors. Typical data for a single-family home include recent sale prices of similar properties nearby, amenities, square footage, number of bedrooms and bathrooms, floorplans, and condition of the property’s interior and exterior. Proximity to transportation and the community’s school district might even be factored in. Appraisers consider these and other information to determine the home’s fair-market value.
January 20th, 2015 at 10:00 am
When it comes to getting a mortgage, your credit history has a lot to do with whether you will qualify and what type of interest rates you’ll get. If you’ve foreclosed on a house in the past, the challenges of getting a mortgage are increasingly difficult, although not impossible. Typically, to get a new home you’ll be required to wait somewhere between one and seven years.
Your lender will start the process by looking at your credit history, credit rating, and how long it’s been since your foreclosure. There is no official timeline for how long you have to wait; rather, the amount of time depends primarily on your financial state. The loan type you apply for will also make a difference. Some loans are more forgiving than others.
January 13th, 2015 at 10:00 am
Our baby had a well-check appointment last week, so the family and I were trying to guess how much she would weigh. She’s getting visibly bigger almost every day so, of course, we were all guessing a few pounds above her weight from her last appointment.
None of us (well … except for the 4-year-old who guessed she would weigh 3 pounds) predicted a lower weight because we know that healthy babies grow. Our newest addition seems to be a healthy baby so we expect her to continue getting bigger and stronger.