Each year, homeowners receive a notification of their property tax assessment, which, when combined with the local tax rate, determines how much they owe in property taxes. While this process is meant to fairly reflect a home’s value, assessments are not always accurate. If the valuation is incorrect, homeowners may...
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About: Maggi Pritchard
Recent Posts by Maggi Pritchard
The Opportunity Cost of Delaying Homeownership
Maggi Pritchard
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Opportunity cost is the value of the next best alternative that you give up when making a decision. In real estate, this concept plays a crucial role for buyers who are delaying to purchase a home due to high interest rates and rising home prices. The question is: What is...
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The Real Cost of Waiting to Buy
Maggi Pritchard
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If you’re holding off on buying a home because you think prices are too high or mortgage rates will drop, you might want to consider the opportunity cost of waiting. While it may seem like a safer choice to keep your down payment in the bank or invest it elsewhere,...
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Seller Disclosures are about transparency
Maggi Pritchard
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When selling a home, full transparency is key. Seller disclosures provide potential buyers with crucial information about the condition of the property, ensuring a fair and informed transaction. Understanding what must be disclosed and why it matters can help protect both buyers and sellers from unexpected issues down the road....
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Understanding the Differences in Level of Care
Maggi Pritchard
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When working with a real estate agent, it’s important to understand the level of responsibility they have toward you as their client. In almost all cases, when a seller lists their home with an agent, an agency relationship is formed, meaning the agent owes the seller a fiduciary duty –...
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