Appraisal
How to get rid of pmi
For borrowers who purchased a home with less than a 20% down payment, the lender likely added Private Mortgage Insurance (PMI) to their loan. This insurance increased their monthly payment. Before learning how to get rid of PMI, let's know more...
Determining a home’s value
How accurate is price per square foot when determining a home’s value? Although this method can be useful in learning the general value of tract style homes, such as Glendale’s Oakmont Woods, La Canada’s Briar Tree neighborhood or ...
Appraisal Issues
Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Dear Phyllis, My wife and I are first time buyers and have saved $80,000 for our down payment. Each of our pa...
Harb and Co. Real Estate Wrap Up: The good, the bad and a low appraisal
The buyer has removed all contingencies on my Verdugo Woodlands Listing in Glendale. BUT #HomeStreetBank was just awful. Due to Dodd-Frank, lenders don't directly hire appraisers; they instead hire a management company (middleman) that hire...
Pros and cons of waiving an appraisal contingency
Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Curious about the pros and cons of waiving an appraisal contingency? Dear Phyllis, We have been looking at homes...
Pricing your home is an art – not a science
Pricing your home is an art not a science. Your home’s value is dependent on what a buyer will pay. Nothing more, nothing less. Your home’s value is not influenced by: Online Estimates: are similar to parlor games, fun but not to be ...
Pricing your home is an art not a science
How to Determine Your Listing Price Pricing your home is an art not a science. Achieving the optimal listing price is the result of both objective research into similar properties and instinct in determining how much a buyer will be willing ...
WHAT IS AN APPRAISAL CONTINGENCY?
It’s a red hot seller’s market. Inventory is low and some home buyers are nearing desperation. They are tired of writing offers and not being selected. There are many components of a strong offer other than price. When the price offered...
