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Experts weigh in on whether seniors should get new mortgages: Bankrate

Housing Wire

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Seniors, even those of advanced age, are legally required to face the same qualification requirements as any other mortgage applicants. “I

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Reasons To Get An Appraisal

Padove Appraisal Service

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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How the title industry is addressing the negative effects of heirs’ property

Housing Wire

Typically, when a person passes away, it is customary for a will to specify who will inherit the property. However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. How is the title industry helping to address heirs’ property?

Legal 392
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What Metaverse real estate means for mortgage professionals

Housing Wire

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Defining virtual real estate.

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Understanding the Math of Profitable Investment Properties

Eppraisal

Analyzing Operating Expenses To accurately gauge the profitability of an investment property, it's essential to account for all operating expenses. These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues.

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Real Estate Sales Agreements: Understanding Your Contract

Movoto

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Property Identification. This portion lays out the agreed-upon selling price for the property. Financing Details. Title and Insurance. Purchase Price.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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