to set a value, or market price, and makes his summary based on complex mathematical calculations. Home inspections focus on home conditions. If those conditions aren’t obvious, the home appraiser won’t factor them into the market price of the home. For example, a tilted facade and moldy basement are highly noticeable, and will be reflected in the appraisal; however, not-to-code electric wiring and condition of the insulation or foundation will not. Some mortgage guarantors require home inspection along with the appraisal, as they have specific requirements of what should and shouldn’t be in the house. A property that possesses any of the red flags can’t be approved until all of them are eliminated. If inspections are made properly, you’ll be able to know your future house’s exact conditions. Be absolutely sure that you have a trustworthy and reliable home inspector on your side, as essentially the whole deal now depends on him or her. Occasionally, the appraisal can come in lower than the purchase price. When that happens, we’ll discuss options: the seller can lower the price, you can make up the difference, or we can renegotiate somewhere in between. It’s a hurdle, but not an uncommon one, and it’s something I’ll guide you through if it comes up. Throughout this stage, communication is everything. There are timelines to meet, documents to sign, and tasks to complete. My job is to keep everything moving smoothly so there are no surprises. I’ll be checking in with the lender, the title company, and the seller’s agent to make sure we’re all on track for closing. It’s also during this period that buyers sometimes experience what I call “decision fatigue.” The excitement of having your offer accepted can fade a little when faced with reports, numbers, and negotiations. That’s completely normal. My role is to help you keep perspective — to remind you why you started this journey,
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