What is a Home Appraisal?

A home appraisal is a full evaluation and subsequent written report regarding the value of a home. Many lenders may require such an appraisal before approving buyers for a mortgage. Regardless of whether or not you have been approved for a mortgage of a certain amount, the lender will want to ensure the home is actually worth the price agreed upon … [Read more...]

What is Market Value?

Market value is a term you have probably heard tossed around a lot if you have already started your home-buying research. But what exactly does it mean? Market value is the price point that appeals to many buyers, triggering a sale within a reasonable time frame. This time frame is estimated by looking to the average number of days comparable … [Read more...]