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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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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal fee may also be influenced by the market demand, the competition, and the regulations.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Thinking back to when you first listed your home, you likely cleaned it top to bottom and got it looking as good as new for the marketing materials. Home inspection reports (current and previous).

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How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

And there is less competition when buying land than other real estate markets. 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. Market conditions.

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. 9 Things to Know BEFORE Your Home Appraisal Home appraisals. Here’s what you want to know about your home appraisal and the role it plays when buying a home.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.