When we’re in such a competitive and appreciating market such as the DC area, this part of the contract becomes even more important. The appraisal contingency protects the buyer in the event the appraisal from the bank comes in lower than the sales price in the contract. We’re happy to explain more over coffee! Click here or call 301.841.6905
Buyers and sellers – this is one of the most important parts of buying or selling a home. Why? Because it allows a buyer to get into the guts of a home and determine if they want to buy the home or not. For sellers it can be pretty emotional and for good reason – the home inspection is one of many contingencies in a contract and typically provides a buyer a way to get out of a contract. Contact us to grab a coffee and chat about inspections and other parts of the buying/selling process!
As of September 1, 2016, Montgomery County, MD passed a 3.2B fund that will help our public school system. But guess what – it has to be paid for!
Part of the 3.2B will come from a property tax increase of approximately 6-9% for homeowners. Additionally, for buyers, the state recordation tax which is part of your closing costs, will increase by approximately $500 for a $500,000 home. Contact us to discuss more!
Buyers – if there is one part of making an offer you MUST understand, it’s the earnest money. This is the money you are risking while your future home is under contract. This money is protected by contingencies such as a home inspection. Contact us to sit down for coffee and talk more about this, the rest of the buying process, changes in our market, your goals and how we can help you achieve them!