Remove Contracts Remove Development Remove HOA Remove Inspection
article thumbnail

Five Contract Contingencies Home Buyers Should Consider

Will Springer Realtor

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. More on home inspections.) More on home inspections.)

article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. This fee will cover the attorney preparing and reviewing agreements and contracts. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection.

article thumbnail

NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. After graduation he worked for USAA in Real Estate Development. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49

article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Your neighborhood may require homeowner's association (HOA) fees, too. Due diligence stretches from the time you sign a contract to closing. These fees can add a few hundred dollars to your monthly payments. What Is HUD?

article thumbnail

How To Read an Appraisal Report

Realvals

Page one contains the subject, contract, neighborhood, site, and improvement sections. Page three contains additional comments, additional approaches to value, and a section for planned unit development properties. This is followed by neighborhood name, occupant type, PUD/HOA info, property rights appraised, and assignment type.

article thumbnail

The Complete Guide to Buying a Home After College

Raleigh Realty

Look at your monthly paycheck and develop a system where you can maximize savings Whether you're graduating from a local university or one in a different state a lot of the fundamentals of buying a home are the same anywhere you love. Choose to invest in a neighborhood that's under revitalization or development. What is Due Diligence?