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

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Due Diligence: What Is it? This is part of what happens next when you go under contract on a home.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Any existing easements or zoning issues.

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Does a Home Seller Have to Disclose Repaired Defects?

Hank Miller Team

Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. Latent Defects Must be Disclosed A latent defect is an issue with the property known to the seller but that might not be discovered during a reasonable inspection of the property.

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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. If the owners are trying to sell by means of their own resources -- a sign or classified advertisement, say -- it is still wise to keep a buyer's agent on hand.

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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. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Plot/blueprint or property survey.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim.

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Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” I use the iPad to do inspections. Also, I have appraised multiple airports and done various easement studies for research.” “IT/Mass Appraisal.”