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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. After all, no property is perfect.

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Real Estate Sales Agreements: Understanding Your Contract

Movoto

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Appraisers: How to Manage Your Emails

Appraisal Today

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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Everything You Need to Know About Closing Cost Credits

Lamacchia Realty

The sellers take care of paying for the REALTOR® commission, whereas buyers cover transfer fees and other documentation fees. In a typical real estate transaction, the sellers pay the REALTOR® fee, recording fee, escrow fee, and home inspection fee. The costs that each party is responsible for are much more laid out in this state.

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A complete guide to closing on your first home

Movoto

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. It’s also an opportunity to review all the closing documents, make sure the title is clean , and release any funds that have been held in escrow to the parties that are owed money.

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Say What? Home-Buying Lingo You Should Know

Zillow

Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.