There are cases where lenders will require two property appraisals on a subject property.
This Article Covers Low Home Appraisal Solutions for Home Buyers and Sellers. A home appraisal is the most important document for the lender. It protects the lender. It is documentation showing what the property is worth. In this article, we will cover the following important bullet points on a home appraisal: Home appraisal in the […]
HUD Guidelines On FHA Property Standards is the home needs to be safe, secure, and habitable. No need to be alarmed if the home is old. As long as the home is secured, safe, and habitable, it will pass FHA Home Appraisal.
This article covers how to appeal a low home appraisal when applying for a mortgage A low home appraisal can cause all sorts of problems. If you’re buying a home, a low appraisal can cause you to lose the home if the seller isn’t willing to renegotiate a lower price with you. Or it can […]
What Are Low Appraisal Solutions For Home Buyers And Sellers During A Hot Housing Market? The housing market is booming. There is a major shortage of homes versus the demand for homebuyers in today’s market. Despite high unemployment due to the coronavirus pandemic, most homebuyers are buying homes above the list price. This is creating a major problem with homes not appraising at the purchase price.
In This Article, We Will Discuss And Cover Low Home Appraisals And Solutions For Home Buyers And Sellers There are cases where home buyers will get low home appraisals. This is common during times when housing inventory is low and a hot housing market. Home prices have been skyrocketing for the past seven years due […]
This Article Is About Home Inspection Versus An Appraisal When Buying A House Many homebuyers in 2021 are first-time homebuyers. First-time homebuyers are not familiar with the home inspection versus an appraisal process when buying a home. Gustan Cho Associates continue to educate our readers on the homebuying process. In this blog we will detail […]
This Article Is About Low Appraisal On Home Purchase And Solutions For Borrowers Solutions To Low Appraisal On Home Purchase. Low Appraisal On Home Purchase can be avoided if the sellers’ price out the home appropriately prior to listing the home Low Appraisals often will delay the mortgage and closing process Home appraisers will use […]
This Article Is About The Appraisal Transfer Policy From One Lender To Another Lender As you know we do not have any LENDER OVERLAYS at Gustan Cho Associates. Meaning we can help more borrowers than most lenders Over 75% of our borrowers at Gustan Cho Associates are folks who get a last-minute mortgage denial or […]
This Article Is About Low Appraisals In Home Purchase And Refinance Solutions Appraisals are mandatory for both refinance and purchase mortgages. Appraisals are arbitrary market values of subject properties Residential appraisals are based on recent property sales of similar and like properties within a one-mile perimeter of the subject property Most properties that are listed […]