Here’s a case for buying a less expensive home than you secretly want.
The comparison market analysis, otherwise known as a CMA, is an analytics tool real estate professionals use to help sellers learn what homes similar to theirs in size, age, and features have sold for, and buyers learn how close to asking price homes have sold for so they have a better idea how much to offer.
Some mortgage terms can be confusing, none more so than the similarities and differences between prequalification and preapproval. The two terms are often used interchangeably, but they mean very different things to lenders, real estate professionals and home sellers.
As a seller of a home or property, your #1 goal is to sell your home as quickly as possible at or near the listing price, so it is important to put your best foot, or in this case, home forward.
Something goes wrong with the air conditioner or the toilet clogs when you least expect it. Unless you’re Mr. or Ms. Fixit, you’ll have to go to the expense of calling a plumber, electrician or appliance expert to solve the problem. Unless a part has worn out, pilot error (that’s you or someone in the household) caused the malfunction.