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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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Opinion: What you need to know for a successful real estate transaction

Housing Wire

The home-buying process involves numerous steps, documents and parties that you have to work with. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. By having a neutral third party manage the transfer of funds and documents, the sale can be completed quickly and efficiently.

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Sellers, Here’s What to Do If a Buyer Requests Repairs After Inspection

Lamacchia Realty

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?

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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. This official document outlines your exact mortgage payments, the loan’s terms (e.g.,

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The 9 Essential Steps of a Real Estate Closing Process

Movoto

Throughout this time, several inspections are performed to check everything from the physical condition of the home to the underlying financial and legal health of the property. Information uncovered will usually be passed along for lender title insurance purposes to protect against defects.

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NFT mania and the future of the home sale

Housing Wire

The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. A deed transfer often includes the new owner ensuring they are the property holder through title insurance. A homebuyer closely inspecting their property before closing also does not strike most observers as a waste of time.

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Just Put in an Offer on a Home? Here's What to Expect

Eppraisal

Your offer will only become legally binding if the seller signs it. Once the document has signatures from both parties, do the following to see the agreement through: Deposit Earnest Money Pay an earnest deposit — 3% to 5% of the selling price — to show you’re serious about the purchase.