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Opinion: More can be done to shorten the average time to close

Housing Wire

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” Dealing with the HOA—a nightmare for all parties involved.

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Opinion: More should be done to shorten the average time to close

Housing Wire

Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” in question.

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7 Questions You Should Be Asking When Buying A House

Raleigh Realty

Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. There is nothing worse for a buyer than starting to look at homes online, falling in love with a few, then realizing that they are not in your budget.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

It's important to note that real estate contracts and laws change depending on what state you are in. It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract.

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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.

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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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Estate settlements. Valuation for insurance claims.

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Help your Borrowers Navigate Recent Home Appraisal Trends

Genworth MI Blog

Fees associated with the property (such as HOA or cost to build a similar home from the ground up) Appraisals are an important step to helping borrowers reach closing. They could be a licensed appraiser and an authorized real estate agent, two appraisers, etc. Never miss a post by subscribing to the Enact MI Blog!