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Waterfront Property Appraisals

Appraisal Today

Understanding the depth, quality of the water, and type of shoreline is crucial, as these elements directly influence the property’s usability, aesthetics, and long-term stability. The importance of these factors cannot be overstated, and they deserve careful consideration in every waterfront property appraisal.

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Working with buyers in the nation’s hottest housing market

Housing Wire

“If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Strange Properties Appraisers Have Seen

Appraisal Today

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. The average contract interest rate for 15-year fixed-rate mortgages increased to 7.08

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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” When should we analyze the contract? That’s the real reason why—because USPAP says so.

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How to negotiate your home purchase offer

Housing Wire

According to Matt Sharp, Area Lending Manager at Citi, “It’s really important when you are in the buying process that lenders have a communication with not only the buyer but also with their realtor,” Sharp said. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

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Property Appraisals: What You Need to Know

Aedis Appraisals

Regardless of whether you happen to be the buyer, owner, or seller of a property, it’s important to understand the significance of appraisals and how they affect the inherent value of the property in question. What Is an Appraisal and When Do I Need One? When refinancing or restructuring an existing property loan.

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What is Earnest Money? How Does It Work & How Much Is It?

Movoto

During standard home sales, earnest money comes into play around the time a home goes under contract. The simplest earnest money definition is as follows: it’s a formal good faith deposit made when a home seller accepts a buyer’s offer to purchase a home. What is Earnest Money? It thereby reduces the amount of the transaction.