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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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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. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Any existing easements or zoning issues.

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

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Due Diligence: What Is it? Title Searches What is a title search and how does it work?

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

Finding the Right Piece of Land A real estate agent can be an excellent resource for where to look, and if you find the right one they'll both help you throughout the process and protect your interests. You'll also need to show your ability to pay for the land, either with proof of cash or loan documents.

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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. If you are planning to buy a $400,000 home but other homes in the neighborhood that are similar in size sold for $350,000, your mortgage lender may only be willing to lend you $350,000. Who pays for a Home Appraisal?

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