Pitfalls To Buying a Home

In this tough economic housing market there are many things that can go wrong even after the seller and buyer agree on a sale price. For example, the appraiser assigned by the bank to verify the home’s value can disagree with the price tag. 10% of the National Association Realtors’ members see a sale cancelled because of low appraisals and another 10% of NAR members say the home sales are delayed because of issues regarding appraisals. Another thing that can go wrong is that the lender demands home repairs before the buyer signs on the dotted line. In the past home repairs could have been discussed and done after the sale, not these days. Tougher financial terms also doesn’t help the real estate situation, with a quarter of all mortgage applications denied in the present market.

If you’re looking to buy a home, just be aware of these pitfalls that can make the journey to homeownership a little tougher. When you’re ready to move, call the Jacksonville movers for a stress-free and efficient move in no time. The Jacksonville moving specialists are backed by generations of professional movers along with a solid reputation built in many of All My Sons Moving offices across the U.S.