Remove Home Value Remove Inspection Remove Sellers
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Market Correction or Seller Panic?

Appraisal Buzz

Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation. Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

Sellers 435
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Record Share of Million-Dollar Homes Makes Buying More Challenging

Appraisal Buzz

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Many Bay Area buyers–especially those without tech money–are getting more selective, jumping ship if a small problem comes up in, say, the inspection.

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Appraisal or Inspection: Which Do You Need?

East Coast Appraisal

While trying to buy a home, you may have found out that some lenders require their borrowers to have an appraisal and/or an inspection completed. Some lenders may only require an appraisal and leave the decision about an inspection up to you. During an appraisal, the buyer or seller doesn't need to be present.

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How a Seller’s Home Inspection Can Net You More Money When You Sell

Eppraisal

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.

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Why Sellers Shouldn't Ask to See Inspection Reports

Eppraisal

They also help protect the sellers from any future liability. Homes with no known defects also have higher home values. The lead-based paint disclosure is a federal seller's disclosure requirement. The disclosures help protect the buyers. This is not a good idea, for liability reasons.

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Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

Buyers are pulling many different strings in order for their offers to be accepted including offering sellers significantly above list prices. They are also offering to meet the sellers' closing dates or to purchase the homes "as is." Some are waiving appraisals and others are even offering to waive inspection contingencies.

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Winter Home Inspections

Eppraisal

If so, you'll need to be aware of how the weather can affect your home inspection as there may be a few challenges. You'll want to make sure you are purchasing a home that is free of major defects and safety hazards, as a solid and safe home will help to maintain your future home value.