Remove Contracts Remove Legal Remove Market Value Remove Property Taxes
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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. Should the appraisal come in lower than the contract price, the closing process may be impacted.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

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What’s Included in Closing Costs?

PennyMac

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. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Property Tax.

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Say What? Home-Buying Lingo You Should Know

Zillow

Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Inspection occurs when the home is under contract or in escrow.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). March: Introduction of the Fiscal Policy Institute's 2014 "pied-a-terre" tax proposal for properties valued at or above $5,000,000 in New York City, was introduced in the Senate. The tax is not really about pied-a-terres.

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Reconsideration of Value and Appraisers

Appraisal Today

Get the relevant date of value from the client or client’s attorney. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Excerpts: 2. But not one at a time.