What’s an NFT and Can It Help Me Buy or Sell a Home?

What’s an NFT and Can It Help Me Buy or Sell a Home?

The housing market is so hot right now, that even digital homes are selling for unbelievable prices. Recently nine adjacent Genesis plots on virtual land sold for approximately $1.5 million. This purchase was completed as a non-fungible token (NFT) and while it’s an interesting trend, it means little to house hunters searching for a physical roof over their heads.

What Happens if My Home Appraised Lower Than the Purchase Price?

What Happens if My Home Appraised Lower Than the Purchase Price?

In a competitive housing market, it’s not uncommon to see home prices creep up. With limited inventory and multiple offers on homes, the price you’re willing to pay for a home may end up being higher than the appraised value. This is known as an appraisal gap and it can be a deal-breaker for mortgage lenders who use appraisals to make sure the home is worth the money they’re lending you.

Expect the Housing Market to Cool, Not Crash

Expect the Housing Market to Cool, Not Crash

Today’s housing market is white-hot. Home prices continue to rise, demand remains high, and mortgage rates remain low. Month after month the market’s activity remains on the uptick. But Google’s reports show the search question “When is the housing market going to crash?” jumped 2,450% in March confirming that homeowners, buyers, and sellers are nervous that this housing boom might actually be a bubble.