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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.

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Market Data for Real Estate Helps Counter Low-Ball Offers

Home Junction

In most cases, the smart thing to do is come back with a counter-offer, even if it is a small reduction. There are other factors that can be negotiated as well that would be favorable to a seller such as closing dates, down-payments, pre-approved mortgages, etc. Same with the volume of homes sales.

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

PennyMac

The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. The property is then offered to the public at a foreclosure auction and typically sold to the highest bidder. Is an REO Home the Right Fit For You?