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10 best practices for working with homebuyers (& getting referrals)

Housing Wire

Advise your buyer clients based on market knowledge Find out everything you can about the subject property, the neighborhood, the homeowners association and fees, the market trends in the area, property taxes, the average days on the market, the list-to-sell price ratio, and other pertinent details that could affect your client’s offer.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.

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Understanding Rebuttal Appraisals: A Guide for Homeowners

AmeriMac

In real estate transactions, the appraisal process is critical. It helps determine a property’s market value. An appraisal is an expert’s view of how much a property is worth. The expert looks at factors like location, condition, and nearby property sales.

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Understanding Loan Processors and Mortgage Processing

PennyMac

This means checking your income verification (W-2s, pay stubs and/or tax returns), assets (checking and savings accounts) and outstanding debts (car and student loans). Lenders don’t want your total monthly mortgage payments—principal, interest, property taxes and homeowners insurance—to swallow up your monthly gross income.

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How Real Estate Appraisals Empower CPAs: A Short Summary

Boston Appraisal

CPAs incorporate real estate appraisals into annual reports and financial statements. The accuracy of these documents is vital, not just for tax compliance, but also for shareholders, lenders, and regulatory agencies. When it comes to real estate, the appraisal process significantly impacts how taxes are assessed and reported.

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4 Mistakes to Avoid During Property Appraisal

East Coast Appraisal

Some people falsify their property's information to increase its market value. However, the appraiser may discover the falsification, thus affecting the negotiations. . For example, some property owners provide fraudulent documents showing their property sits on arable land. Misinterpreting the Appraisal Process.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Estate settlements.

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