What is Appraisal Gap Coverage a.k.a Gap Guarantee?
What is Appraisal Gap Coverage a.k.a Gap Guarantee? It goes without saying any seller wants the best offer on their home. Part of being the best is often the least risky offer. In our current escalating market sometimes the appraisers but the brakes on offers they feel are not justified. We call it
Earnest Money
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 typ
Should I include Appraisal Gap Coverage in my offer?
Should I include Appraisal Gap Coverage in my offer? If you are trying to buy a house in the Dayton, Ohio area maybe you've heard the term Appraisal Guarantee or Appraisal Gap Coverage. I've been a Realtor for 28 years but I'd never heard of it until we hit this hot market in the Kettering, Beavercr
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