Sandra, If you are paying cash an appraisal may not be needed. If you are financing the finance institution will order an appraisal to determine if the risk of loaning money is a good deal for them. Costs of appraisals are going up drastically because of the short supply of appraisers and big demand for their expertise.
I agree with Shelly at RE/MAX, and unfortunately most often you will be paying for the appraisal in advance. In effect you wont know the market value until that appraisal is done. There are a few online tools that can estimate value, but the appraiser will take more into consideration than the online estimates. If you are working with an agent, chances are they have access to tools to let you know if your close. If the property doesn't appraise, you can try to renegotiate, however every deal is unique to its parties so no way to know going in. Lean on your agent for help on this.
FHA loans are one of the most common types of home loans, especially for first-time homebuyers.
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). FHA loans are designed to help lower-income and first-time homebuyers by allowing them to purchase with lower down payments and less stringent credit requirements.
There are many reasons why someone would want to learn who owns a specific property. As a buyer, you might want to discover why someone is selling the home. This could help you make a competitive offer based on what you discover.
Investors also look up property records if they want to make offers on distressed or abandoned houses. It might not
Owning real estate comes with the tax burden of property taxes. In cases where property owners encounter financial difficulties, these taxes may go unpaid, leading to what are known as delinquent taxes.
Delinquent taxes on a property occur when the owed property taxes have not been paid by the deadline. Sometimes, the best option for these own