The Appraisal Gap in Rochester NY: What Over-Asking Really Costs
If I buy a house in Monroe County NY for $325,000 and it appraises at $310,000, how much extra cash do I have to bring to closing? With a $15,000 shortfall, the extra cash depends on your down payment because the lender lends against the lower appraised value. At 20 percent down, your loan is capped
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Buying a Rochester NY Home From Out of State Without Flying In
What protects me if I make an offer on a Rochester NY house I have only seen on video? In the Rochester area, closings are handled with attorneys on both sides, and the standard local contract includes an attorney approval period after the seller accepts and the contract is signed. During that windo
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Rochester Home Not Selling? What Sellers Should Do Next
Why has my house been sitting on the market longer than expected in Rochester NY? A home usually sits because of a combination of small issues rather than one big flaw: a weak first impression in the listing photos and description, a price that makes buyers hesitate, or a house that simply feels lik
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