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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. Have you budgeted for closing costs?

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9 tips for homebuyers in non-disclosure states

Housing Wire

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Closing on a House: Settlement Tips for Home Sellers

Realtor

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. In those cases, you or your listing agent or the buyer’s agent will need to make the home available for inspection.

Sellers 142
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The Differences Between an Appraisal and a Home Inspection

Hank Miller Team

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In brief (operative word), an appraisal is an estimate of the current market value of a home completed by an appraiser using set evaluation criteria. What is a Home Inspection?

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What’s Your View?

Cleveland Appraisal Blog

In the current market, those views may be light-years apart. People who are in the market to purchase a home, may have different motivations for doing so. And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price.

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. A copy of your contract with the seller. Your home inspection reports.

Buyers 208