Standard Mortgage Blog

Buying a home in a seller’s market can be a challenge. Low inventory, enhanced property values, and ambitious buyers give sellers more negotiating power and make it competitive for prospective buyers. Let’s take a closer look at how home buyers can best position themselves for purchasing in a hot real estate market.

The appraisal process is one of the final stages before closing on your purchase or refinance transaction. It is also one of the most important, as it provides the value of the property that your lender will finance. Once you make an offer on the home and have a signed purchase agreement, your mortgage lender will order the appraisal, which is conducted by an independent third party.

The process of buying a new home is exciting. Picturing your family in each room, in the yard, and the new memories that you’ll make are all a part of the process. However, before you get to that point, there are a few things you need to do to make those dreams a reality. Let’s take a closer look at the home buying process from start to finish.