What is an Offering Plan in NYC and How Do You Find One?
It’s essential to familiarize yourself with an offering plan, especially when purchasing an apartment in NYC. Your attorney will review this document during the due diligence process. Offering plans offers valuable insights, particularly for new developments. However, they are relevant… Read More
what is an Appraisal Waiver in NYC
When you buy a home with a mortgage, the lender usually asks for an appraisal to confirm the property’s value. However, in some instances, the lender may offer the homeowner an appraisal waiver, which means they can skip the in-person… Read More
What is the Appraisal Contingency in NYC
An appraisal contingency is often included in real estate purchase agreements to protect the buyer. The buyer can withdraw from the contract if the property is appraised for less than the agreed-upon purchase price. This clause ensures that the buyer… Read More
Best Online Home Appraisal Tools in 2024
Online home appraisals can give homeowners and buyers a basic understanding of a property’s value. However, it is advisable to engage a professional appraiser for more precise and legally recognized appraisals, particularly for financing or selling purposes. Let’s go over… Read More