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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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Guide To iBuyers and iBuying For Home Buyers, Sellers, And Agents

Quicken Loans

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “That we research value, we do not assign it.”

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What’s that Smell Worth? Insights from a Seasoned Appraiser

McKissock

The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price. Free Download: Ready to launch your appraisal career?

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Mortgage Term Glossary

Assurance Financial

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Fair Market Value.

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FHA vs. USDA Loans: What’s the Difference?

Assurance Financial

An FHA loan does allow you to accept seller concessions or a seller assist. If you’re buying a home in a buyer’s market , meaning there are more houses for sale than people interested in buying, you might be able to get the seller to contribute to your closing costs. Downloadable Guides.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. What Is a Buyer’s Market?