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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9 Things Rochester Buyers Should Notice Before They Assume A House Is “Move-In Ready”
How can I tell if a house in Rochester NY is actually a good fit or just looks updated during the showing? Look past the finishes and check how the layout functions day to day, whether storage really fits your belongings and routines, and whether the home feels bright, comfortable and easy to use ra
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