What does a declining market mean to the buyer? If the home you make an offer on is appraised at $100,000, the lender will only loan up to 95% of the value. So, that additional 5% needs to be made up - somehow - by the buyer or the seller. That’s what Realtors are for, so we can help you understand what’s going on.

Fair warning! If you plan to purchase a home in the near future - do not - buy a new car - unless, of course, you can afford to pay cash!