Related FAQs
Market value is the amount of money that a property would be sold for on the open market. This is determined by an appraiser based on its condition and comparable properties that have recently sold. Note that market value may not match the purchase price. Factors that affect market value on a home include: The house's age Location Square footage The number of beds and bathrooms Special features like a garage or pool What several comparable homes, or ``comps,'' have sold for recently In a hot housing market where homes receive multiple offers and sell quickly, you may be willing to pay more to keep up with or outbid the competition. More resources 10 factors that impact your home property value What does comparable sale or comp mean in real estate? A complete guide to what an appraisal is and the home appraisal process. Read more
Market value is the amount of money that a property would be sold for on the open market. This is determined by an appraiser based on its condition and comparable properties that have recently sold. Note that market value may not match the purchase price. Factors that affect market value on a home include: The house's age Location Square footage The number of beds and bathrooms Special features like a garage or pool What several comparable homes, or ``comps,'' have sold for recently In a hot housing market where homes receive multiple offers and sell quickly, you may be willing to pay more to keep up with or outbid the competition. More resources 10 factors that impact your home property value What does comparable sale or comp mean in real estate? A complete guide to what an appraisal is and the home appraisal process. Read more
Learn how to pay first mortgage payment, where and when to send it, how you'll get instructions, and what happens if your loan is quickly transferred. Read more
Learn how to pay first mortgage payment, where and when to send it, how you'll get instructions, and what happens if your loan is quickly transferred. Read more
What is a prepayment penalty? Learn why some lenders charge fees for paying a mortgage early and how Better Mortgage lets you avoid these penalties entirely. Read more
What is a prepayment penalty? Learn why some lenders charge fees for paying a mortgage early and how Better Mortgage lets you avoid these penalties entirely. Read more