First Time Home Buying
Waiver of Real Estate Appraisal
Did you know that a ‘Waiver of Appraisal” doesn’t mean your lender is not going to conduct an appraisal? Your lender will always conduct an appraisal unless you’re putting down a hefty deposit. It is at their underwriter’s discretion. A “Waiver of Appraisal” means that you will purchase a property at your contract agreed price … Read more
What Happens When There Are Multiple Offers in Real Estate?
In markets with high demand for real estate properties due to low inventories, such as New Jersey, receiving multiple offers on a property is commonplace. Such scenarios are caused by the number of prospective buyers exceeding the number of properties available on the market. Multiple offers will leave a potential buyer with the challenging issue of … Read more