Remove Development Remove Easement Remove Lending Remove Presentation
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Whether a basement or attic are present and their state of finish. Any existing easements or zoning issues. Future potential for development of the home. Type of foundation.

Appraisal 105
article thumbnail

11 Land Buying Tips: How to Buy Land

Raleigh Realty

In general, there are three kinds of land you can purchase, and this determines how much down is required, as each requires its own kind of loan: Raw Land Loan: Raw land is when there is no development: no sewers, no electricity, and no roads. Raw land can be very expensive to develop.

article thumbnail

9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

Mortgage lenders do not want to lend more money for a home than the home is worth. Department of Housing and Urban Development (HUD) or the Consumer Financial Protection Bureau. Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home.

Appraisal 148