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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Any existing easements or zoning issues. Current real estate market conditions. Future potential for development of the home. Lot: Size and topography of the lot.

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Crunching Numbers: Using an Investment Property Closing Costs Calculator

Listing Spark

Many investors stop at calculating buyer closing costs, renovations, and holding costs. There are two common styles of hands-on real estate investing: buy-and-hold (such as with rental properties or land you plan to develop) and flips (which are much faster). You might decide to only pay 5% for real estate commissions.

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3 Things You Should Know About Preliminary Title Reports

Zillow

Among the dozens of records that serve to inform or disclose to the buyer significant knowledge about the property, the title report is one of the most important. It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. Easements.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I first started writing a real estate column in the local newspaper back in the late 1980s but did not like it. What is your market like?

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

In general, there are three kinds of land you can purchase, and this determines how much down is required, as each requires its own kind of loan: Raw Land Loan: Raw land is when there is no development: no sewers, no electricity, and no roads. Raw land can be very expensive to develop. When you make your offer, you'll pay a deposit.

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What Is the Difference Between CID Ownership in a Condo, Townhouse or PUD?

San Jose Real Estate

There’s quite a bit of confusion around the difference between common interest developments (CID) , condominiums, and planned unit developments (PUD). A condominium is a type of ownership of the real estate, not an architectural style. What do these labels mean, and how does anyone know which one is which?

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

They can keep buyers up at night after going under contract on a home. Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home. Department of Housing and Urban Development (HUD) or the Consumer Financial Protection Bureau.

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