After the offer on the home is accepted, an appraisal will be conducted by a third-party company. The appraisal gives a second opinion on the fair market value of the home. This assures the lender that they are making a sound decision lending their money to the buyer. As long as the buyer is getting financing for the home, there …
How to Prepare Your Home for a COVID-Safe Showing
As real estate brokers in Wilmington, NC, we have assisted a variety of homeowners sell their properties throughout the pandemic, including those who are high-risk or have family members who fall in that category. We understand the stress of uncertainty and the risk posed by strangers entering a home. We also know that job transfers still happen, family members want …
What Will Homes Look Like After the Pandemic?
During the 1980s, the average size of new American homes grew, eventually leading to the rise of the McMansion. This continued until the recession and housing crisis of the mid-2000s when the square-footage of new homes plummeted toward much smaller, more-affordable floor plans with open layouts. As the country dug itself out of those dark times, floor plans of new …
How to Buy a Home During a Pandemic
The spread of COVID-19 (coronavirus) has created incredible new challenges for everyone. With restrictions in place that are sure to be there for months to come, we must now create a new normal that includes social distancing and extra health precautions. This does not mean that your dreams of buying a home must be put on hold. While we understand …