During the process of buying a home with a mortgage the lender will send out an appraiser to assess the value of the property as compared to recently sold comparable properties. The appraiser will adjust his or her value based on the value assigned to the specifics of the subject property and determine a reasonable value of what the property should sell for in it’s present condition.
Todd Tramonte
Broker / Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
This educational real estate video is about buying short sales. Short sales are when a bank is willing to sell a home for less than they are owed on it. If you are thinking about buying a short sale deal there are a few things to be aware of beforehand. Short sales can be very frustrating and time consuming. If you need to buy and own a home within 90 days then it is probably wise for you to avoid short sales since they are notoriously slow. If you have the time and patience to deal with the short sale process you may be able to get a great deal on a short sale.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
This educational real estate video is about the process of selling your home FSBO or For Sale By Owner. This process can be challenging, but it is not completely impossible. FSBOs that do end up being sold by owners tend to usually sell for 9% less than homes sold by professional real estate agents. This happens for a few reasons. First, FSBOs generally aren’t marketed to their fullest potential which limits the homes exposure and chance to reach the widest audience. Second, the showing process is usually awkward for a potential buyer since they feel like they can not be critical of the property. Finally, the transaction details are complex and can turn costly without the proper guidance. Without the proper resources and guidance to help you get the property sold safely, ethically and legally selling your home by yourself can turn into a challenge.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
This real estate video explores the concept of surveys. Any type of land that will be transferred from one owner to another will need a survey, including residential, land, farm and ranch. The survey is a simple concept, but an extremely important one. It’s basically the document that dictates the boundaries and foot print of a property and dictates what is owned. A surveyor will create a sketch of the property outlining the physical boundaries of the property. This may include a fence line, or easements that the city may have utilities in. In a residential real estate transaction, a seller can use a previous survey that they may have had created when they purchased the home, which can save a few hundred dollars.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
