Navigating the Appraisal Gap: Understanding Its Impact on Your Homebuying Journey
What is an Appraisal Gap?
An appraisal gap arises when the appraised value of a home is lower than the agreed-upon purchase price between the buyer and seller. In other words, it's the difference between what the lender believes the home is worth and what the buyer is willing to pay for it.
What Can We Expect From The Spring Housing Market?
As spring approaches, mortgage professionals in Washington are gearing up for an active season in the housing market. With warmer weather and longer days ahead, we anticipate increased demand from homebuyers looking to take advantage of favorable mortgage rates. Here's what you can expect from the upcoming spring housing market in Washington:
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