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Real Estate Sales Agreements: Understanding Your Contract

Movoto

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Property Identification. What Are Real Estate Sales Agreements? auctions, cash sales, etc.):

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8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. Unique features – Is the property on the waterfront with a dock attached?

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The Pros and Cons of Buying a New Home vs. a Resale Home

Eppraisal

All inspections are complete and the structure is code-approved. Property taxes can be higher because new infrastructure demands capital investment. " There is no waiting for completion, inspection or certificate of occupancy. Buyers negotiate with sellers -- person-to-person as opposed to person-to-contractor.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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Mortgage Term Glossary

Assurance Financial

The assessed value of your home is how much it is worth in the eyes of the tax agency in your municipality. The assessed value is used to calculate your property taxes. Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. Home Inspection.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Your gross income is the income before taxes. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. And shop around for lenders.