Appraisal
How to get rid of pmi
For borrowers who purchased a home with less than a 20% down payment, the lender likely added Private Mortgage Insurance (PMI) to their loan. This insurance increased their monthly payment. Before learning how to get rid of PMI, let's know more...
Determining a home’s value
How accurate is price per square foot when determining a home’s value? Although this method can be useful in learning the general value of tract style homes, such as Glendale’s Oakmont Woods, La Canada’s Briar Tree neighborhood or ...
Home Selling: When to start packing?
Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Home Selling: When to start packing? Dear Phyllis, After two months on the market, we finally accept...
Seller Options When the Appraisal Comes In Low
Seller options when the appraisal comes in low Dear Phyllis, I have a sales contract, but the buyer’s appraisal came back for $10,000 less than our agreed-upon purchase price. After the buyer’s inspection, I agreed to cr...
Appraised Value vs. Realtor’s Value
Appraised Value vs. Realtor’s Value Dear Phyllis, I really enjoy your column and hope you can clarify something for me. Earlier this year, I refinanced my mortgage. And now my employer has offered me a promotion if I relocate out of...
Appraisal Issues
Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Appraisal Issues Dear Phyllis, My wife and I are first-time buyers and have saved $80,000 for our down payment...
Harb and Co. Real Estate Wrap Up: The good, the bad and a low appraisal
The buyer has removed all contingencies on my Verdugo Woodlands Listing in Glendale. BUT #HomeStreetBank was just awful. Due to Dodd-Frank, lenders don't directly hire appraisers; they instead hire a management company (middleman) that hire...
Pros and cons of waiving an appraisal contingency
Pros and cons of waiving an appraisal contingency Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Dear Phyllis, We have been looking at homes for over a year,...
