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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.) Home inspection reports (current and previous). List of improvements made in the last 15 years, with costs and completion dates.

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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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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. Your mortgage lender informs you of the next step in the process: the home appraisal. 9 Things to Know BEFORE Your Home Appraisal Home appraisals.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

Getting a loan to buy land, or a land loan is not as simple of a process as getting a mortgage for a house. Conduct Environmental Tests You should view the environmental tests of your future land as important as an inspection of a future home. Once you've determined your financing, you can calculate your budget.