Remove Article Remove Contracts Remove Home Value Remove Legal
article thumbnail

Non-Arms Length Sales for Appraisers

Appraisal Today

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. You are “graded” on how close you come to the sales price.

article thumbnail

The Many Shades of Earnest Money

Eppraisal

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. We must determine if the current use is legally permissible. But then they had to hire me to perform an appraisal. That’s right! Click here to visit their website.

Appraisal 302
article thumbnail

How a Seller’s Home Inspection Can Net You More Money When You Sell

Eppraisal

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.

article thumbnail

Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. We're currently at 3.7

article thumbnail

The Difference Between a Homeowner’s Insurance Policy and a Home Warranty

Eppraisal

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. " The average cost of a home warranty is approximately $450-$700.

article thumbnail

Title Companies and Their Role in Your Transaction

Eppraisal

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. In the article, What Does a Title Company Do? There are some contracts that allow the seller to choose the title company.