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

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. Plot/blueprint or property survey.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. Mortgage lenders do not want to lend more money for a home than the home is worth. 9 Things to Know BEFORE Your Home Appraisal Home appraisals.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

Conduct Environmental Tests You should view the environmental tests of your future land as important as an inspection of a future home. It will help you learn if there are any easements or restrictions on the land that you need to know about. After the offer is accepted, a Sales Purchase Offer is generally signed.