Real Estate Short Appraisals - What Are They?
When an appraisal in a real estate transaction comes in at less than the agreed upon sale price we call this a Short Appraisal because the value is ‘short’ of what is needed for financing. When this happens everything stops until a solution is found so the loan can be financed. One solution is for t
What is Base Flashing?
If you follow my videos you’ve seen one where I talk about a brick ledge in a foundation. This is where the first course of bricks gets set when building a wall. Base flashing is a vinyl material about 16 inches wide that is installed on top of the brick ledge ( overhanging it just a bit) and is f
Earnest Money
I’m often asked what does earnest money do in a transaction. Earnest money is nothing more than a check you write when you get a deal accepted to show the seller you are serious about their home. The amount varies widely, but in the Dayton area, but 1% of the purchase price are typically the mo
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