The Sharpe Mortgage Team is bringing you news this week about hybrid appraisals and their ability to balance cost efficiency and homebuyer protection, appraisal gaps, and shade solutions for outdoor patios that will help combat the Carolina heat. Click below to learn more about these topics:

The Hybrid Appraisal - Balancing Cost Efficiency and Homebuyer Protection - When seeking a mortgage for your dream home, lenders commonly require a property appraisal. Yet, during the homebuying journey, you may encounter the term "hybrid appraisal." What does this phrase entail and should I consider it?

Understanding The Appraisal Gap - When purchasing a home, a mortgage lender will request a home appraisal to ensure that the loan amount aligns with the home's actual market value. A home appraiser, acting as an impartial third party, will evaluate various aspects of the property, including its size, condition, improvements, upgrades, and comparable home sales in the vicinity. In instances where the appraised value of the home falls short of the contracted sale price, it results in what's known as an appraisal gap.

Smart Solutions for Summer Shade in Your Outdoor Space - Elevate your outdoor area with enchanting lighting arrangements that establish the perfect atmosphere and foster a warm and inviting ambiance for summer nights. Delve into these fashionable outdoor lighting concepts that will metamorphose your patio, deck, or garden into a captivating oasis.

If you're considering buying a home in Winston-Salem or the Triad, The Sharpe Mortgage Team is here to assist you! Reach out to us today!