When buying a home, you’re bound to the deal once you’ve made an offer and the seller accepts. At that point, contingencies determine how the process moves forward. If the home appraises for less than you anticipated, an appraisal contingency can help protect you.
One of the first questions people ask when getting ready to sell is “What is my home worth?” Setting the right asking price is crucial. Price it too high and it could be left on the market with no buyer in sight; ask too little, and you’re leaving money on the table.
Buying a home comes with plenty of excitement, but it’s also a major financial decision. That’s why buyers get a specific period after an offer is accepted to examine the property and confirm everything is in order before closing. This time, known as the due diligence period, gives you clarity, protects your investment, and helps ensure your lender is ready to move forward.
Do homes sell in the winter? They sure do! In fact, last December in St. Louis, more than 1,200 homes sold within about a month, and almost all of them sold at or very near list price. Many sellers are reluctant to list in colder months, but if the price point and size of the house are right, buyers are willing to move any time of year.