When refinancing your mortgage, the lender will order an appraisal to determine if your property has enough value to secure the new loan that you’re about to take. Just like homebuying, an appraisal is one of the most crucial steps when refinancing.
Veterans who plan to buy a home using their VA Home Loan benefit have to undergo several steps where they need to settle several upfront fees before they can start moving into their dream home. Appraisal is on top of the list of fees that Veterans need to pay upfront, and it’s a process that every Veteran should undergo before underwriters decide their fate. The VA requires a home appraisal to ensure that Veterans and their families get a quality home.
Every so often there’s a home on the market that’s for sale by its owner. Usually, it’s because the seller wants to try their luck without an agent. These types of listings can still offer great deals, but they also come with some nuances. Here’s what you should know about a home that’s for sale by owner.
If you’re selling your home, you’ll want it to look its best in order to get offers. But you’ll also want your property to retain its value so that when your appraisal comes in, it will reflect how much time and effort you’ve invested into your home over the years. Here are some quick maintenance items you can complete to help spruce up your home to attract potential buyers.