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Using Equity To Buy A Second Home

D Fritz Appraisals

How to Use Home Equity to Buy Another House Are you dreaming of owning a second home? Using equity to buy a second home can make your dream a reality. Home equity is like having money in the bank, but it’s tied up in your real estate. What Is Home Equity?

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Simplifying Getting Appraisal to Remove PMI

AmeriMac

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. PMI adds to your monthly payment and delays homeownership. annually, depending on credit score. Why is PMI Required?

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How to Buy a House: 12 Steps to Buying Your Dream Home

Movoto

From preparing finances to closing, the process of how to buy a house is filled with challenges and decisions. We’ll share 15 steps to buy a house answer questions you’re probably wondering about like: How long does it take to buy a house? How much money should you have before buying a house?

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Find Out What Really Happens When You Waive Contingencies to Score a Home

Realtor

When you make an offer on a home, it’s standard to throw in some contingencies —telling the seller that if the home isn’t up to snuff for a variety of reasons, you have the right to walk away from the deal—with all of your cash in hand. If you move in early, you’ll lose some of your negotiating power.

HOA 108
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Tempted To Waive Contingencies to Score a Home? Watch Out for These Dangerous Repercussions

Realtor

When you make an offer on a home, it’s standard to throw in some contingencies —telling the seller that if the home isn’t up to snuff for a variety of reasons, you have the right to walk away from the deal—with all of your cash in hand. If you move in early, you’ll lose some of your negotiating power.

HOA 78
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Surviving the Appraisal | Preparing For A Successful Real Estate Transaction

Lifestyle Properties of Maine

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? How much does it cost? What if the home doesn’t appraise for the contract value? An appraisal is seeking value.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.