Deciding to buy a home is a big step. Most people who start searching for homes online eventually want to start touring in person. When this happens, they are often faced with the dreaded question, “Do you have a pre-approval letter?”. Oftentimes, it...
As we head into the end of the winter season, more and more real estate experts are commenting on the very low housing inventory around the country. The number of active listings is down 25% from last year. In Northern Virginia, the same seems to be holding true. On...
Unless you are paying cash for your home, the house serves as collateral for the mortgage loan. The lender needs to make sure that the home is worth what they are lending you. An appraisal offers the opportunity for the lender to determine the value and condition of...
