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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. 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. View (including negative views).

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Plot/blueprint or property survey.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

During this time, there are many things that a buyer needs to accomplish such as inspections, appraisals, securing their financing, and title searches. Let’s take a closer look at each one of these processes Inspections Why do real estate agents recommend getting home inspections during the due diligence period?

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

You'll also need to show your ability to pay for the land, either with proof of cash or loan documents. Conduct Environmental Tests You should view the environmental tests of your future land as important as an inspection of a future home. This earnest money goes into an escrow account to show you are a serious buyer.

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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. In addition to doing a physical inspection, the appraisal company will also do a comparative financial analysis of other homes in the area and assess how much they sold for. They will also take measurements of various aspects of the home.

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