McKissock
JULY 26, 2022
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.
Eppraisal
JANUARY 29, 2023
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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Raleigh Realty
FEBRUARY 19, 2022
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. Of course, this wouldn't happen overnight.
PennyMac
DECEMBER 22, 2020
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. If you are expected to do so yourself, hire a title company to run a full, insured title search before closing the deal. Contact the lender to see if the title has been cleared.
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