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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

Here are some tips on how to communicate effectively with a real estate appraiser when obtaining an appraisal: Be clear about your intent: Whether you are the homeowner, buyer, seller, or agent, you should inform the appraiser of the purpose of the appraisal and the type of report you need.

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How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Floor Space Index or FSI (Amount of Construction Allowed on the Land). Property Lines. Title Deed.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

I used Hypothetical Assumptions for new construction, of course. =. Every room on the main level except for the kitchen and the turret have a fireplace, and those are all made out of a different precious wood,” Rich (agent) explains. I have always been surprised that so many lender appraisers use EAs in their appraisals.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. We all know this is true.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

And if you are buying with cash, you'll want proof of income to show the seller's agent. Finding the Right Piece of Land A real estate agent can be an excellent resource for where to look, and if you find the right one they'll both help you throughout the process and protect your interests. How much money do you need down to buy land?