Official Blog

Welcome to the official blog of Marketplace Homes, where we discuss a variety of real estate topics.
What Is an Appraisal Gap?

What Is an Appraisal Gap?

When the real estate market cycles into a competitive seller’s market, many homebuyers must deal with something called an “appraisal gap.” What is it and how can you make the best moves during the home buying process? What is an appraisal gap? An appraisal gap is the...
What Are Seller Concessions?

What Are Seller Concessions?

Seller concessions are closing costs and other homebuying-related expenses that the seller agrees to pay on behalf of the buyer. The seller can either pay a percentage of the total closing costs or contribute toward specific line items in the loan estimate (at the...
What Is a Buyer’s Market?

What Is a Buyer’s Market?

What is a Buyer’s Market? What is a buyer’s market? A buyer’s market is a term used in real estate to describe a market condition in which buyers typically have the upper hand. In general, there are more properties for sale than available buyers. In...
What Is a Credit Score?

What Is a Credit Score?

A credit score is a number that rates your creditworthiness. Credit bureaus calculate this score to determine a borrower’s ability to repay a loan or credit card. Lenders rely on credit scores to assess credit risk when approving loans to applicants. A credit...
What Is Due Diligence In Real Estate?

What Is Due Diligence In Real Estate?

What is Due Diligence in Real Estate? Due diligence is an integral part of the real estate process in which buyers and sellers ensure that they make an informed decision in their property purchase or sale. When done correctly, due diligence protects buyers and sellers...