How to Understand your Appraisal
A home purchase is the largest, single investment most people will ever make. Whether it’s a primary residence, a vacation home or an investment property, the purchase of real property is a complex financial transaction that requires multiple parties. Most of the people involved are very familiar. The Realtor is the most common face of the transaction. The mortgage company provides the financial capital necessary to fund the transaction. The attorney ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer. So who makes sure the value of the property is in line with the amount being paid? Read more…