Remove Appraisal Remove Insurance Remove Market Value Remove Sellers
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Seller impersonation fraud threatens American homeownership

Housing Wire

In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

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

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. An appraisal is a valuation of a property by a third party.

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Closing on a House: Settlement Tips for Home Sellers

Realtor

As a seller, here’s what you need to know about the settlement process. Another important step prior to closing on a house is the appraisal. If the appraisal comes in higher than the sales price, then the buyers can relax in the satisfaction they’ve purchased a home for less than its market value.

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The Top Benefits of Getting a Residential Appraisal in Toronto

Appraisal Hub

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Appraisal companies in Toronto, such as Appraisal Hub Inc.,

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Unanswered Questions – Part 1

Appraisal Buzz

Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. But what offer will the seller accept $400,000. Herein lies the appraisal gap.

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Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000.

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10 Costs of Buying a Home You Need To Know About

Realtor

This amount can change depending on market factors. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for.