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When a House Doesn't Appraise For the Sale Price

Eppraisal

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. Buyers are offering sellers prices considerably above list price in many cases.

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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. First of all, sellers need to know who shops for vacant land, as noted above. First of all, sellers need to know who shops for vacant land, as noted above. Motivation will determine the price paid for your land.

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Opinion: NAR has finally met its match

Housing Wire

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

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Key Issues That Affect the Real Estate Market

Eppraisal

Yet it is another day at the office for realtors, lenders, attorneys and title agencies. An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. The problem for property sellers is that their sale might be a casualty of this tightening.

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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

But before you do there's one last factor to consider: the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared. Not a cent more.

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The Many Shades of Earnest Money

Eppraisal

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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You've Received Multiple Offers.Now What?

Eppraisal

It is one of the best seller's markets the real estate industry has seen in a long time, perhaps even better than the mid-2000s. List your home for sale on the market one minute, and the next you're likely fielding offers. Home values are rising because of this. Most importantly, look at the buyer's financing.