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Hot Pick Home: 'Smart Value' in the Bay Area - April 12, 2021

Does this home in Redwood City make for a smart purchase?

Hot Pick Home: 'Best Upgrades' in the Bay Area - April 12, 2021

Does this San Francisco home have improvements that significantly increase the comfort and value of the home?

Hot Pick Home: 'Green' in the Bay Area - April 12,2021

For a homebuyer who is concerned with reducing their environmental impact, does this San Jose home offer amenities, and is it located in a place that can help the buyer achieve those goals?

Hot Pick Home: 'Neighborly' in the Bay Area - April 12, 2021

Is this Martinez home located in an area and does it have access to amenities that make it conducive to a neighborly, civic lifestyle?

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It feels like everyone is moving to Miami these days - and honestly? We don't blame them. There are endless great reasons to move to Miami - let's get into them...

Word of the Day

Appraisal Contingency

To ensure that the buyer (and lender) is paying a fair amount for the home, buyers insert an appraisal contingency, which allows the buyer the ability to walk away from the purchase without penalty if the appraisal returns a value lower than a set value (usually the purchase price). Aside from walking away, the buyer can renegotiate for a lower price with the seller, request that their lender make an exception, and approve their loan as if the property had appraised to match the purchase price or make up the difference between the purchase price and appraised value via their own funds. In most cases, if the buyer makes use of the appraisal contingency to walk away, they are likely to receive a complete refund of their earnest money. However, buyers must be cautious and include this in the contract to avoid problems at a later stage.

Marta decided to back out from the sale via the appraisal contingency after the home was valued below the purchase price.

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