When selling your home, everyone wants top dollar. However, your home must be able to assess at the selling price in most situations. It is to your benefit to know before a contract is drawn up if additional down payment money may be needed. In recent years the real estate market has been appreciating rather quickly. A homeowner may be delighted at the selling price, only to be disappointed when the buyer can not secure the funds. This is the type of information you want prior to accepting an offer. Perhaps one bidder has a large down payment and conventional funding and another is utilizing a low down payment government backed loan. If the home will not appraise for the sale price, things can quickly go down hill. The home selling/buying process can be a long process. Knowing your market value will help you make the most informed decision when accepting an offer. Harley Appraisals, LLC is a certified real estate appraiser providing market valuation to help you better understand your options.
