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How the Experts Are Handling Appraisal Gap Issues


Dave Marzinke from Movement Mortgage is back again to address another important topic.


 

Dave Marzinke is back with us again to talk a little bit about appraisal gaps, the issues buyers are running into, and how we’re working together to solve problems.

If an appraisal comes in low, the important thing to know is that you have options. For example, if you’re putting at least 10% down, we can readjust the loan-to-value based on the new appraisal and not have to bring additional cash to close. It does include PMI in some cases, but in others, it doesn’t. It’s a great strategy to help you overcome a renegotiation in this competitive market, but it’s not the only one. There are multiple different options to address an appraisal gap depending on your situation.

Dave is seeing very few low appraisals. According to him, under 20% of the total appraisals coming in are coming in low.


"There are multiple ways to address an appraisal gap based on your situation."


If you have any appraisal or mortgage-related questions for Dave, give him a call at (949) 449-2477.

If you have any other questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
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Location: Mission Viejo, CA, USA

7 Ways To Update A Home on a Budget Before You Sell


Here are seven ways you can update your home without breaking the bank.


 

There are seven main ways you can update and improve your home. Even if you’re not looking to sell

immediately, these can still help bolster your home’s value and get you prepared in case you decide

to sell:


1. Paint your home. The least expensive way is to put a fresh coat of paint on everything: the exterior, ceilings, doors, or even wrought iron fences. It can even help protect the look of your home from wear and tear.


2. Update the lighting. This might be one that gets ignored, but your hardware store, a magazine, or even other open houses can show you how others are upgrading the lighting. Getting recessed lighting and putting dimmers on the lights are a couple of great ways to improve the value of your home.


3. Bring the indoor to the outdoor spaces. You can add sofas, fire pits, lighting, and carpets outside that can make it more enjoyable to stay out there. If you have a bit more budget you could renovate the deck or even add a pool.



"Even if you’re not ready to retire or move, you want to update your home."



4. Maintain your heating and air conditioning. I strongly suggest you service your units using some local heating and air companies. It can make sure they’re running efficiently and help lower allergens in your home.

5. Check or replace the windows. Replacing the windows is obviously the best, but if you don't have enough money, it still pays to check them, replace broken screens, or even apply some weather stripping.

6. Repair the roofing. Replacing the roof outright can be pretty expensive, so alternatively you can fix specific leaks or get some air vents to cool the garage and attic spaces and make your roof more efficient. 

7. Add storage. Adding a room, if you have the space, will always bump up your home’s value. Particularly, bedrooms, storage rooms, and home offices are really good to add these days.


I hope these tips give you some ideas. Feel free to reach out to me by email, text, or phone.

I’d be more than happy to answer any questions you have.

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Location: Mission Viejo, CA, USA
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