What is an Automated Valuation Model? It is a process whereby computers, using proprietary algorithms (aka “secret formulas”) provide an estimate of value of your property. The… Read more ⇢
There is a difference between “appraisals” and “assessments” although the words are commonly used interchangeably. A educated consumer knows the differences: Assessments Often completed using… Read more ⇢
I am pretty stoked to learn of a home purchase loan program offered by a local bank. They are offering 97-100% financing to select buyers – with NO PMI (Private Mortgage… Read more ⇢
The National Association of REALTORS conducts REALTOR confidence surveys where they ask all members (of course, not all respond) to participate in a survey with a variety of questions. … Read more ⇢
This post, contributed by Marc Aymard (a preferred lender) is not really about chickens and eggs… it’s about how to sell your current home… Read more ⇢
PREFERRED LENDER Mark Ferguson Vice President, Sandy Spring Bank NMLS# 408119 14231 Willard Road, Chantilly, VA 20151 (703) 319-9000 x 4280… Read more ⇢
I get this question a lot when a client decides to purchase a new home, so many of which are built by production builders. These builders *usually* tie their… Read more ⇢
Today as I was discussing an appraisal issue with a couple of fellow practioners, I learned that appraisals are suddenly becoming more of an issue. And, unlike a year… Read more ⇢
RESPA, RESPA, RESPA…What is it anyway? The web site www.HUD.gov explains: ” The Real Estate Settlement Procedures Act (RESPA) insures that consumers throughout the nation… Read more ⇢
Because most people purchase homes with a loan or otherwise subject to an appraisal, getting an favorable appraisal is key to most home sales. You likely will also… Read more ⇢
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