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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

Appraisal 126
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Say What? Home-Buying Lingo You Should Know

Zillow

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

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What’s Included in Closing Costs?

PennyMac

In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). Closing Fee. Homeowners Insurance.