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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

In an ideal world, an appraiser would have comparable sales in the same neighborhood with the same characteristics, similar construction style, square footage, lot size, room counts, upgrades, exterior amenities, condition, and quality of construction. When choosing comparable sales, bracket the location or view .

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Appraising Fixer Uppers

Appraisal Today

These types of clauses are now incredibly common amongst the construction trades, real estate professionals, wedding services, financial services, and more. Appraisers sought to bracket the subject using three comparable sales. Or desktop appraisals and inspection only. Value acceptance is 3 out of 5 – no appraisers.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. During due diligence, you'll need to hire someone to do a property inspection and appraisal. These homes aren't exactly new construction, but they are a steal. Also, ask about issues like lead paint.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Typically, new construction homes come with a higher purchase premium, and repair and maintenance require too much investment. So, what did they do? Many increased their savings.