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Avatar for Choice Home Warranty
Choice Home Warranty
4.0(
5,677
)

Serving Moosup, CT and surrounding areas

In business since 2008

Emergency services offered

Credit card accepted

"I had great service! The agent who did the faucets was very polite, and professional. He did a great job, our faucets are nice and sturdy. On the washing machine issue, the agents that arrived were also polite and professional. The agent said that the machine needed to be replaced. Fortunately, the coverage I had allowed me to be approved to purchase a new one! I guess I made the right (CHOICE HWS)"
Recommended by82%of homeowners
Real Estate Agents questions, answered by experts

If a home's appraised value comes in lower than the offer price, it can create complications with financing. Lenders typically won't issue a loan for more than the property's market value, as this can push the loan-to-value (LTV) ratio too high and may prevent the loan from being approved. Your options depend on whether your purchase agreement includes an appraisal contingency. If there is no contingency, both parties may be locked into the deal, meaning the buyer pays more than the appraised value. If a contingency exists, the buyer can usually renegotiate the price or withdraw from the deal. If a buyer still wishes to proceed, they can try to negotiate a lower price, increase their down payment to cover the difference, or get a second appraisal.

You can find ranch-styled homes around the North, West, and Midwest regions. Some of the states where they’re more common are California and Texas. However, it’s worth noting that you can technically find these houses across the country since there’s nothing stopping homeowners from building one—unless lack of land is an issue.

If you are trying to sell a home with asbestos siding, most jurisdictions force you to disclose this in official documentation about the home. Some potential buyers may not want to purchase a home with asbestos siding, which could negatively affect their health if the siding becomes disturbed. However, as long as the siding is in good condition, some buyers may not see it as a disadvantage. You could take on the cost to replace asbestos siding if you have concerns over this material affecting your home’s resale value.

You may be able to negotiate an as-is purchase, but many sellers who list their homes as-is aren’t willing to lower their asking price since they’ve already accounted for the price of repairs. Homes are often listed as-is for a quick sale, so there’s a chance a seller may negotiate in order to make the sale—it never hurts to ask.

Yes. If the seller includes a kick-out clause in the contract, they can accept another offer while contingent.

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