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The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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The 9 Essential Steps of a Real Estate Closing Process

Movoto

After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

Sometimes a homes across the street are not the same pool of buyers as a home a block away, even if it is the same builder and floor plan. Because of where buyers want to live. Was the seller highly motivated? ” “City codes and guidelines so final inspections are not necessary. That determines value.

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Say What? Home-Buying Lingo You Should Know

Zillow

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Buyers should budget for an amount that is 1% to 3% of the home's purchase price.