When you’re searching for a new place to live in Charlotte, whether you’re looking at a specific house for sale in Stonebridge at Mint Hill or you’re looking at all the homes for sale in Uptown Charlotte, you’re probably going to encounter the term contingency. But what are contingencies in real estate, and how will they affect your ability to buy a home? What Are Contingencies in Real Estate? A contingency essentially means, “If you do this, I’ll do that.” In real estate, this translates … Continue reading...
What’s an Appraisal, and Why Do You Need One?
If you’re using financing to buy a house for sale in Charlotte, your lender will probably require you to have an appraisal done. You won’t get to pick your appraiser; the lender will likely choose from their own pool. So what is an appraisal for, and what does it tell you? What is an Appraisal? An appraisal is a detailed document prepared by an appraiser—someone who’s trained to find out how much a home is worth—that tells you and the lender whether you’re making a solid investment. If the … Continue reading...