article thumbnail

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. Public transport locations.

Appraisal 126
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Local amenities – how close is the home to hospitals, schools, shops and public transport corridors? Read on for more information about how a home appraiser determines the value of your property.

Appraisal 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Ways to Financially Benefit From Your Home

PennyMac

Do your due diligence before renting out a room to ensure you understand the laws involved, any HOA restrictions, insurance, permits and safety requirements and tax implications. Hosting out-of-town visitors can be very profitable, especially if you live in a tourist spot, business or transportation hub or near a university.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. 11am-7pm ; Sun.

HOA 36
article thumbnail

How to Buy a Rental Property: Get Tips from the Experts

PennyMac

He agrees that new real estate investors need to think of rental property as a long-term investment and that they must educate themselves about legal issues they’ll likely face as a real estate lessor, particularly if you’re interested in multifamily properties. Invest for the long haul. Don’t buy a property now to sell it within a year.

article thumbnail

What’s Included in Closing Costs?

PennyMac

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. The owner’s title insurance is optional but highly recommended by most legal experts. Courier Fee.