Virginia Gardner

Blog :: 08-2021

What Buyers and Sellers Need To Know About the Appraisal Gap

What Buyers and Sellers Need To Know About Appraisal Gaps | Simplifying The Market

Its economy 101 when supply is low and demand is high, prices naturally rise. Thats whats happening in todays housing market. Home prices are appreciating at near-historic rates, and thats creating some challenges when it comes to home appraisals.

In recent months, its become increasingly common for an appraisal to come in below the contract price on the house. Shawn Telford, Chief Appraiser for

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Why 2021 Is Still the Year To Sell Your House

Why 2021 Is Still the Year To Sell Your House | Simplifying The Market

If youre trying to decide whether or not to sellyour house, this is the time to think seriously about making a move. Fannie Maes recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say its a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say its a good time

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Homeownership Cycle and Inventory

An interesting homeownership cycle begins with a starter home and progresses to larger and smaller homes throughout a person's lifetime. Within a few years after purchasing their initial home, they might move up to a little larger house. The reasons could be that they simply want a larger home and can afford it, or their increased family [...]

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