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How to Conduct a Smooth Real Estate Transaction

McKissock

Property insurance. To ensure that this initial stage of the real estate transaction goes well, it’s important to submit the offer in a timely manner. While there may or may not be a definitive time limit in each state (such as 24 hours), it is in everyone’s best interest to submit the offer as soon as possible. Closing dates.

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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

Negotiating a Purchase Price Again, the tax assessor's office can give you a ballpark figure around which offers and counter-offers can hover. While it might seem counter-intuitive, appraising vacant land is more daunting than doing so for improved land.

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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. In fact, if you have liquid funds, and thus aren't financing your home purchase through a lender, you don't need to have the home appraised. The bank doesn't want to overpay for a home.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Step 2: Find a Lender and Discuss REO Financing. Once you’ve found a property you are interested in, talk to a lender about your financing options. Banks are also more likely to present a counter offer because they must demonstrate they tried to get the best possible price for the property. Step 10: Closing.