Housing Wire

AUGUST 13, 2024

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments.

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Contracts Mortgage Law Sellers 468

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. Does your buyer need to secure a mortgage ? Discuss financing.

Market Value 441

Market Value Real Estate Agent Real Estate Finance 441

Housing Wire

APRIL 11, 2023

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. In real estate, a title is a legal document that establishes ownership of a property or asset.

Real Estate 388

Real Estate Legal Sellers Technology 388

Appraisal Hub

JULY 26, 2024

The appraiser inspects the property from top to bottom. Initial Consultation: The process starts with giving important papers and legal deeds related to the property to the appraiser. Submission of Property Documents: To begin the evaluation, the appraiser is provided with important papers and legal deeds related to the property.

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Valuation Buyers Market Value Insurance 78

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

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Business Marketing Real Estate Legal 417

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

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Inspection Appraisal Property Appraisal Real Estate 96

Appraisal Buzz

AUGUST 13, 2024

Contract-for-deed agreements require the buyer to fulfill a number of payment obligations before the seller will transfer the deed to the residence. They are set up so that, until all payments are made by the borrower, the seller is still in possession of the home legally.

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Contracts Investors Sellers Lending 367

Will Springer Realtor

MARCH 1, 2022

A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. Request an ‘information’ inspection with the offer.

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Inspection Buyers Sellers Real Estate 36

Eppraisal

AUGUST 19, 2022

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well. This way, you will have fewer negotiations with your buyer.

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Inspection Sellers Home Value Advertising 68

Lamacchia Realty

SEPTEMBER 5, 2024

THE NEW HOME BUYERS’ HOME INSURANCE CHECKLIST Buying your first home can be both an exciting and a daunting experience. Our expert and reliable REALTORS® at Lamacchia Realty have extensive experience in helping first-time buyers and veterans of the market alike find their dream homes! What is NOT Covered by Homeowners Insurance?

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Insurance Buyers Housing Inspector Realty 61

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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Insurance HOA Legal Fees Valuation 370

Cleveland Appraisal Blog

AUGUST 11, 2022

In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Buyers may walk away from the purchase.

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Renovations Buyers Appraisal Investing 221

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

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Appraisal Inspection Appraisal Process Valuation 135

Lamacchia Realty

AUGUST 15, 2023

WE BUY HOUSES: HOME CASH BUYER PROS AND CONS What is a Home Cash Buyer? The main draw of cash home buyer is the ability to provide a transaction that is both fast and simple – even within just a few days! Be sure to do thorough research and find an extremely trusted home buyer.

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Buyers Real Estate Agent Real Estate Realty 54

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. How do home buyers get their offer selected? Is that smart?

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Buyers Inspection Contracts Sellers 52

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 417

AmeriMac

OCTOBER 28, 2024

The property may also have legal issues, like title problems or unpaid liens, which can affect its value. Appraisers must fully understand foreclosure processes, legal issues, and local market trends to set the correct market value for REO properties. An experienced REO agent is essential to identify and resolve these issues.

Property Appraisal 36

Property Appraisal Appraisal Legal Valuation 36

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

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Real Estate Sellers Legal Inspection 77

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Appraisal Hub

MAY 17, 2023

One day you’re optimistic because you met a seemingly committed buyer at the open house or showing, and the next day you’re frustrated because they changed their mind or didn’t follow through. Mistake #1: Over- or under-pricing If you price your home incorrectly, your home may become less attractive to potential buyers.

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Inspection Property Taxes Real Estate Agent Appraisal 78

Listing Spark

AUGUST 28, 2024

All sellers must fulfill specific legal requirements, and the entire process, from initial listing to final closing, is full of legal documents. Still, it does require you to get it right or face potential delays, legal challenges, and ongoing disputes. Each document serves a specific purpose and carries legal weight.

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Realtors Legal Tools Sellers 36

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. In the case of an impasse, contingencies allow buyers to renegotiate or back out of the sale without penalty.

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller.

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Listing Spark

SEPTEMBER 16, 2024

We’ll cover everything from preparing your home for sale to navigating the complexities of the Texas real estate market, ensuring you have the knowledge to conduct a smooth, legal, and profitable transaction. Consider hiring a professional appraiser for a more accurate valuation.

Realtors 36

Realtors Legal Property Taxes Sellers 36

PennyMac

AUGUST 31, 2024

During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. Mutual Acceptance of the Offer After negotiation, the buyer and seller agree on the final property price. Home Inspection The home inspection helps identify any potential property issues.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Movoto

AUGUST 1, 2024

New regulations aimed at creating more transparency around the homebuying process are set to take place on August 17, but Movoto has gone a step further by creating an actual non-binding legal agreement to bring an unparalleled level of transparency to the process for all parties involved. Why work with a Movoto agent?

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Real Estate Agent Agents Real Estate Buyers 36

Hank Miller Team

JULY 2, 2023

Accuracy in real estate listings is more concerning than ever, how a home is represented and described may not always be what a buyer sees. Accuracy in Real Estate Listings Matters: Legal Implications: Providing inaccurate information could lead to legal issues. Misrepresentation of a property can result in lawsuits and fines.

Real Estate 52

Real Estate Legal Advertising Real Estate Agent 52

Movoto

MAY 29, 2024

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. As a buyer, you’ll normally just sign papers and correspond with your agent, who will initiate most processes.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36

Cleveland Appraisal Blog

JANUARY 7, 2021

The buyer would probably say they were not interested in buying a second car. Of course, if the salesman said that the second car, could be purchased for half-price, the buyer might be interested because they could resell the second car and make a profit. Once we have more of something than we need, the value becomes less.

Appraisal 344

Appraisal Inspection Legal Real Estate 344

Lamacchia Realty

JULY 10, 2023

Disclosing Infected Drywall While sellers are legally obligated to disclose any obvious defects to the house, there’s no guarantee that they will always be completely truthful, especially when it comes to issues like toxic drywall. With this in mind, buyers need to be thorough and diligent in protecting themselves.

Inspection 67

Inspection Realty Sellers Agents 67

Lamacchia Realty

JUNE 8, 2021

If you believe your home has foundation damage and you’re looking to sell, there are a few steps you need to take to cover yourself legally and get the most money possible for your home. A home inspection is a part of the selling process, but you can get your own inspection prior to listing. Negotiate with Buyers.

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Real Estate Agent Inspection Realty Legal 67

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer. The agreement is solely between the buyer and the seller, and there is no bank or lender involved. Obligation to buy.

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Contracts Tenants Legal Sellers 143

Lamacchia Realty

MAY 9, 2023

One of the most common questions that we are asked is how much money a prospective home buyer needs to have on hand before buying a home. The actual down payment can vary anywhere from 3% down up to 20% or more depending on what program or type of mortgage loan the buyer chooses.

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Insurance Inspection Buyers Realty 70

Raleigh Realty

FEBRUARY 24, 2022

"Under contract" is one of them, which is exactly what it sounds like: a prospective seller and a buyer have entered into a process where they've agreed to not only the terms of the contract but other important factors like the sale price, the closing date, contingencies and more.

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Contracts Real Estate Sellers Real Estate Agent 147

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. Time : Unless you plan to take a lot of time off from work, people simply don’t have enough time to do everything necessary to market the property to prospective buyers.

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Realtors Real Estate Agent Sellers Realty 70