article thumbnail

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

Eppraisal

In the first installment of this series, we looked at the advantages of raw land as an investment as well as the ways an investor might go about locating such parcels. Negotiating a Purchase Price Again, the tax assessor's office can give you a ballpark figure around which offers and counter-offers can hover.

article thumbnail

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. At this point, both parties are invested in making the exchange. Finding that rare all-cash offer isn't easy. You now owe less than 80 of the home's worth on your mortgage.

article thumbnail

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

PennyMac

Whether you’re buying the home to live in or as an investment, these 10 steps should help set you up for success with bank-owned properties. 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.