Cleveland Appraisal Blog

JULY 16, 2022

An appraisal is the estimated value of a home that is based on an inspection. Property taxes are less on a smaller home with a lower appraised value. Homeowner’s insurance only covers structural damage, theft of belongings, and injury on your property. Cleveland Appraisal Blog is full of helpful information.

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Realvals

JULY 27, 2022

Appraisals are commonly used in real estate transactions as a way for a lender to make sure the property is worth what the buyer is paying. The buyer’s lender will order the appraisal on their behalf. . The appraiser will then take the inspection information back to their office and use it to write the appraisal report. .

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Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

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Raleigh Realty

AUGUST 20, 2022

When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. Whether you are a first-time home buyer or an experienced buyer, you will want to familiarize yourself with all the costs of buying a home Your Real Estate Agent is not a cost to you as a buyer.

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The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. The loan is structured for the buyer to pay a down payment and repay the seller in installments.

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Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

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Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is this add-on a fair addition to the fundamental, intrinsic value a buyer gets?

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Eppraisal

MARCH 28, 2023

For all these options, however, a more fundamental question challenges buyers. These variables face every buyer when deciding between a re-sale house and a newly erected one. They can be tailored to the specifications of the buyer, though additional cost might be involved. So, buyers pay more on the front end or back end.

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Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. Property taxes and tax rates vary widely.

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Zillow

JULY 15, 2019

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Buyers market : Market conditions that exist when homes for sale outnumber buyers.

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PennyMac

JUNE 28, 2022

At the most basic level, your closing costs are any costs or fees that go over the price for the property you’re purchasing. More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller.

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Movoto

JANUARY 31, 2022

A home closing—also known as the settlement—refers to the date when a property’s title and deed are transferred to the buyer, officially making them the new owner. The closing process typically involves a number of different parties: You: The buyer. Understanding the basics of home closing. The bank: Your mortgage lender.

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Listing Spark

JULY 5, 2023

Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing. When you’re in the property for the long term, you want a solid home inspection from a licensed inspector you can trust. But this adds up quickly. As a seller, you might cover some fees but refuse to make concessions.

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Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. And for one more benefit, you can deduct your property taxes. And you'll need to ensure that the home is where you plan to live — not a rental property. Try a USDA Loan The U.S.

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PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell.

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Appraisal Today

DECEMBER 1, 2023

B) Buyer Behavior … C) School System … To read lots more, plus maps and many appraiser comments, Click Here ————————————————————————— Why Comp Photos in Appraisals? I do this every year.

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Quicken Loans

APRIL 12, 2021

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. During that time, more than five million homes went into foreclosure and home buyers could often purchase them at more than half off the original price in many areas across the U.S.

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PennyMac

JULY 10, 2023

An important way to minimize your feelings as a factor in preparing to sell a home is by trying to see things from a prospective buyer’s point of view: What types of buyers are likely to be interested in your home and neighborhood (e.g., Show the house and interact with prospective buyers on your own.

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Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Your gross income is the income before taxes. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance.

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Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

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The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 10: What do commercial appraisers look for when determining a property’s value?

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