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5 Tips for Appraising Green Homes

McKissock

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Assess the perceived value by buyers. Download this free ebook to learn the ins and outs of this growing appraisal niche. Dig deep for comparables.

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Mortgage Term Glossary

Assurance Financial

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Fair Market Value.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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What Happens to My Mortgage If I Move?

Assurance Financial

To pay for the rest of the mortgage, the closing manager sets up an escrow account into which the buyer will deposit their payment. The home’s gains in market value. In a short sale, the buyer purchases the home for less than the seller’s debt against the property. Mortgage principal payments.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. Buyer Expectations.

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FHA vs. USDA Loans: What’s the Difference?

Assurance Financial

Several government loan programs exist to help buyers take one step closer to the American dream of homeownership. USDA loans , also known as Rural Development loans, are designed to make homeownership affordable and provide affordable housing to rural communities across the U.S. What Is a USDA Loan? There are two types of USDA loans.

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

Playbook excerpts This playbook is designed to help industry partners prepare for and adopt the multi-year, joint governmentsponsored enterprise (GSE) initiative to update the Uniform Appraisal Dataset (UAD) and retire the existing appraisal forms. Home sellers gave concessions to buyers in 45.5% Answers a lot of appraiser questions.