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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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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. The agency will use the data from the inspection to plan for flooding emergencies. 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. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too.

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12 Hidden Costs When Buying a House

Raleigh Realty

To shield you from any surprises, here are the typical costs when buying a home: Earnest money Closing costs Property taxes Homeowner’s Insurance Funding the escrow account School taxes Private mortgage insurance Interest rate Moving costs Utilities Homeowners association fees Maintenance and repairs Wondering what these terms mean?

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The Complete Guide to Buying a Home After College

Raleigh Realty

And for one more benefit, you can deduct your property taxes. If you are wondering if a home inspection is worth the cost, the answer is. Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. Best of all, your real estate agent can draft a contract that protects your interests.

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Understanding Investment Property Closing Costs in Texas

Listing Spark

Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing. When you’re in the property for the long term, you want a solid home inspection from a licensed inspector you can trust. These will vary from property to property. Airbnb) or long-term rentals.