Remove Construction Remove Contracts Remove Definition Remove Inspection
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How to Conduct a Smooth Real Estate Transaction

McKissock

Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Timeliness and types of inspections. Finally under contract. Inspections. Making an offer.

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How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “The definition of market value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. .”

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

To me, the big issue is who is doing the inspections. They should definitely not be paid the same. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good.

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USPAP Myths for Appraisers

Appraisal Today

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Added Kan, “The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months (to) come.” percent of total applications from 39.4

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.

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Surviving the Appraisal | Preparing For A Successful Real Estate Transaction

Lifestyle Properties of Maine

What if the home doesn’t appraise for the contract value? Definition of Appraisal The first thing to know in this process is what is an appraisal? Some people confuse a real estate appraisal with a home inspection. An inspection an investigation of a home by a licensed inspector. How much does it cost?