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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

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. 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. Plot/blueprint or property survey.

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Find Out What Really Happens When You Waive Contingencies to Score a Home

Realtor

Let us be clear: We do not recommend getting to this point on your path to homeownership without asking about the basics of the home you’re trying to buy—including HOA rules. Bottom line: Since we think you should do your homework, waiving the HOA contingency seems pretty low-risk. ———. Contingency: Home inspection.

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Tempted To Waive Contingencies to Score a Home? Watch Out for These Dangerous Repercussions

Realtor

Let us be clear: We do not recommend getting to this point on your path to homeownership without asking about the basics of the home you’re trying to buy—including HOA rules. Bottom line: Since we think you should do your homework, waiving the HOA contingency seems pretty low-risk. ———. Contingency: Home inspection.

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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.

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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. State laws will usually dictate who is legally responsible for overseeing the closing. Lead-Based Paint Inspection.

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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.