article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

Insurance 509
article thumbnail

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value. Fritz for your real estate appraisal.

Appraisal 127
article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. We all know this is true.

article thumbnail

11 Land Buying Tips: How to Buy Land

Raleigh Realty

It will help you learn if there are any easements or restrictions on the land that you need to know about. It will be negotiated in the contract who pays for what in terms of the closing costs, and a skilled real estate agent will help you navigate this. When It Comes Time to Pay Payment occurs at the closing.

article thumbnail

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.

Appraisal 148