Remove Buyers Remove HOA Remove Market Value Remove Renovations
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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years. This will help ensure a fair market value.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. 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. Renovation loan assessments.

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10 Ways to Financially Benefit From Your Home

PennyMac

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. Any increase in market value also contributes to an increase in your home equity.

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Important Mortgage Acronyms

Assurance Financial

If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. But if the buyer cancels the sale or backs out for another reason, the seller gets to keep the EMD. FMV (Fair Market Value). HOA (Homeowners Association). resources.