realtortips | Georgieann Elliott

February 7, 2025

What Happens If Your Appraisal Is Lower Than the Offer?

When you enter into a purchase agreement on a home, your mortgage lender will hire a licensed appraiser to assess its value. The independent appraisal assures the lender that the property is worth what you offered to pay for it. Sometimes, though, the value may come in low, and this “appraisal gap” can cause closing […]

September 4, 2023

Monday Market Brief Sept. 4, 2023

What’s Up with Real Estate? National news and local views for the week ending Friday, September 1, 2023 The crash that wasn’t The Case-Shiller national home price index rose 0.7% MoM in June (the 5th-straight increase) and is now just a whisker below the June 2022 peak. The very modest 2.7% decline in home prices experienced […]

July 16, 2023

Sell First, then Buy? or Buy First, then Sell?

Like the classic negotiating problem called the Prisoner’s Dilemma, there are trade-offs when trying to decide if you should sell your current home before buying, or buy before selling. If you’re a home owner wanting to move, you face a classic dilemma. If you make one choice—sell first, then buy—you stand to lose one way. […]

July 14, 2023

Here’s Why You Shouldn’t Max Out Your Budget When Buying A Home

When it comes to purchasing a home, it’s easy to get caught up in the excitement of finding your dream property. However, it’s important to consider the potential drawbacks of maxing out your budget for this significant investment. By buying a home that is within your means, you can maintain financial stability and preserve the […]

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