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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

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Say What? Home-Buying Lingo You Should Know

Zillow

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Home inspection : A nondestructive visual look at the systems in a building. Inspection occurs when the home is under contract or in escrow.