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Showing posts from July, 2021

Price Change in Santa Cruz County Homes

  15 years can make for quite a change in real estate. Who would have thought prices would be where they are today? A steady climb over the last 10 years is quite remarkable!  

How to Bridge the Appraisal Gap in Today’s Real Estate Market

  If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs, 1  the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.    That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to keep pace with rising prices.   Thus, many sellers in today’s market favor buyers who are willing to guarantee their full offer price—even if the property appraises for less. For the buyer, that could require a financial leap of faith that the home is a solid investment. It also means they may need to come up with additional cash at closing to cov...