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Real Estate Agents questions, answered by experts

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

While Craftsman-style houses are bungalows, cottages typically aren’t, though they can be. But they also differ in other stylistic aspects. For instance, cottages usually have simpler designs and painted woodwork.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Gather details of recent improvements, property documents, and any previous appraisals or inspections.

Provides additional space and enhances property appeal, potentially increasing resale value.

The Grants, NM homeowners’ guide to real estate services

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