How to Handle Low Appraisals as a Buyer or Seller When buying or selling a home, one of the key factors in finalizing a deal is the appraisal. A home appraisal is an unbiased estimate of the property's value, conducted by a professional appraiser. This process is particularly important because it helps lenders determine how much they're willing to lend in the case of a mortgage loan. But what Continue Reading
First Time Buyer’s Ultimate Checklist
The First-Time Home Buyer's Ultimate Checklist Buying your first home is one of the most exciting—and overwhelming—milestones in life. From saving for a down payment to signing on the dotted line, there are many moving parts to manage. Whether you're dreaming of a cozy condo, a charming starter house, or a suburban townhouse, navigating the process with a solid plan can make all the difference. Continue Reading
2021 Economic Snapshot
The numbers are in and 2021 marked a 39-year high in Inflation with a whopping 6.8% increase. The housing market continued to climb due to a shortage of homes available for sale coupled with high demand. We saw an average year-over-year increase in sales price of 25.3%. That equates to an average sale price increase of $168,867 compared to just one year ago. The largest Continue Reading
Mortgage Pre-qualification vs Pre-approval
One of the first questions I get from a first time homebuyer is "Why do I need to get a pre-qualification from a lender before we go look at houses? Is it really necessary?" The short answer: YES! The why behind: Our standard Arizona purchase contract (section 2a) states that "an AAR Pre-qualifiction Form IS attached" with the offer. Therefore, in order to abide by the Continue Reading
