What To Do When A Home Does Not Appraise For Purchase Price, Oil Tank Test Strategy, New Home Sales Fall

What To Do When A Home Does Not Appraise For Purchase Price

Real Estate Tip:

When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.

Real Estate Insight:

New home sales fell 13.2% year-over-year in July

The best legal entity to buy property in, pricing property effectively, property appraisals

What is the best legal entity to buy property in?

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position.  The longer a property stays on the market, the less it will sell for.  The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate  Insights:

Property appraisals reflect prior market prices when purchase contracts were signed, not when properties are actually closed and sold