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How to Conduct a Smooth Real Estate Transaction

McKissock

Timeliness and types of inspections. 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. Negotiating counter offers. If the seller does not find the initial offer acceptable (e.g., Counter the counter offer.

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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. For example, if you offer $200,000 for the home, putting in a $20,000 down payment, you'll owe the remaining $180,000 plus fees to the bank.

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

PennyMac

Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.