So you’ve fallen in love with a home, entered into a contract with the seller, and put down earnest money. The home has passed inspection, and now it’s time for the appraisal. During this phase of the home-buying process a licensed expert will determine how much your potential new home is worth in the current […]
Can You Lower Your Closing Costs?
If you’re buying a home for sale in Lake City, you may be able to lower your closing costs pretty significantly – and that means more money in your pocket that goes toward your home. Here’s how you can do it. Related: What are closing costs? Can You Lower Your Closing Costs? Typically, closing costs […]
What is an Appraisal, and Why Do You Need One?
If you’re buying a home or land for sale in North Florida, you’ll most likely need to have an appraisal – but what is an appraisal, and why do you need one? What is an Appraisal? An appraisal is an estimate of the fair market value of what property is worth. Your lender will order […]
3 Costs You Need to Expect When You Buy a Home
If you’re buying a home for sale in Lake City, you probably already know that you’re going to need an earnest money deposit – but what else will you need to pay for when you close? 3 Costs You Need to Expect When You Buy a Home Before you close on a home, you’re going […]
What is an Appraisal Contingency in a Real Estate Purchase Contract?
When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, your lender will most likely require an appraisal—and your Lake City Realtor® will set up a contingency in your real estate purchase contract that protects you if the appraisal doesn’t come out the way you (and […]
What Are Comparable Sales in Real Estate?
When you’re interested in buying a home, whether it’s a large farm in North Florida or you’re looking for non-deed restricted land for sale in Lake City or Live Oak, your home appraiser (the one your lender appoints to the task) will look for comparable sales. But what are comparable sales, and why do they […]
Why Some Appraisals Come in Low
Sometimes, home appraisals come in low. While it’s disappointing to find out that an appraiser thinks your home isn’t as valuable as you think it is, the fact is that your home is only worth what a buyer is willing to pay for it. With that said, there are several reasons an appraisal can come […]
