A final walkthrough determines that the property is substantially in the same condition as when the offer was written. That’s it. Pretty cut and dry, right? As we explore this in more detail, I want to emphasize the word substantially. At the final walkthrough, we will indeed look at everything, but the main purpose of [...]
If a condo, a townhouse, and a single family home were to enter a metaphorical boxing ring, perception is the single family home would leave holding the belt every time. So what gives? What makes buyers fearful of the condo and townhome world? Some buyers would say condos and townhomes are harder to sell, especially [...]
The Inspection Dilemma The two-story, colonial a few doors down from ours went on the market last Tuesday, and after 23 showings in a single day, the “sold” shingle was swaying in the wind by the next morning. While the interest resulted in a windfall for my neighbors, the sellers, I can’t help but wonder [...]
Pre-qualification, pre-approval, fully underwritten pre-approval: What are the differences? Are all of them necessary or just some? While aspects of pre-qualifications and pre-approvals are similar, there are some key differences. Pre-Qualification This is just an estimate to get an idea of what mortgage you can probably afford. A mortgage pre-qualification is generally quick to get, [...]
There’s a scam making its way around town targeting new home buyers and sellers, as well as those who have purchased a home within the last few years. Beth has the details in a quick two minute video. [...]
I recently watched an episode of House Hunters where two best friends went in together to buy their first home. This allowed them to purchase a nicer home and to delve into home ownership for the first time. No Thank You! I could see a million issues that might arise. But several weeks (and several [...]