Today's market offers many opportunities for the informed buyer, but how do you determine if a home you are interested in is priced correctly?

• A Home Value Fax Report will provide detailed information quickly, as it relates to the property you are interested in
• HVCC and the Dodd-Frank Bill has limited the Real Estate Agent, Mortgage Broker and Bank input in the appraisal process
• When financing a home, an appraisal will be required by the Lender. This won't take place until you're under contract and has to be paid for, up-front ($350-$750) and is non-refundable
• An AVM will then be ordered by the underwriter to compare and cross reference the information in the appraisal report.
• If the AVM meets the Lenders criteria (Acceptable Value, Range and Confidence Score), the appraisal process is complete (Appraisal Underwriting Procedures).
• When buying a Condominium or Townhome, a review of the Home Owners Association's general information and stability will be required. Your Lender will require the HOA to complete a HOA Questionnaire. This form will detail the overall picture of the HOA and determine the Owner Occupancy ratio (51% to 70% is usually required) and if there is any pending litigation in the project.

Until these procedures are complete, the Buyer, Seller and all parties involved will not know if the agreed upon sales price is acceptable for financing.

Now you can get this information before signing a contract to purchase.

Our Home Value Fax Report will give you the information needed to make an informed decision in less than 5 minutes. You will get real time market data as it relates to the property in question without waiting / paying for the appraisal. Our report helps you verify the price being paid is realistic and if not, provides a viable tool for further negotiations. This is an invaluable aid to present with your offer to purchase.