A home sale contingency can be risky for sellers in a competitive market. It can delay the sale, potentially lower the property’s value, and leave the seller vulnerable to the buyer’s inability to sell their current home. In a strong market, sellers may prefer offers without contingencies to avoid these risks. Here’s a more detailed […]
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What is an Appraisal Gap?
June 20, 2025|2025, Buyers, Buying, Tips, Trends, Market, Video It’s the difference between the agreed-upon purchase price and the appraised value of the property. • Why is it needed? In a competitive market, buyers may need to offer above the asking price to secure a property, but lenders typically only finance up to the appraised […]
Commitment and Clear To Close
Veteran Real Estate Broker Curtis Knight explains the meanings of the Commitment Letter, as well as Clear to Cose. These are both part of a real estate transaction. The commitment letter typically arrives approximately seven days before closing and clear to close is announced shortly thereafter. Welcome to WordPress. This is your first post. Edit […]