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Home Appraisals – What Do They Look For?

D Fritz Appraisals

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property.

Appraisal 105
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Real Estate Sales Agreements: Understanding Your Contract

Movoto

An officially accepted offer between a buyer and seller puts a home under contract, which is essentially the final stretch before real estate closing when the property is transferred to the buyer. Title and Insurance. Title insurance is outlined here which provides a crucial safeguard against potential property defects.

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Say What? Home-Buying Lingo You Should Know

Zillow

Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough. A closing is usually attended by the buyer, the seller, both real estate agents and the lender.

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A complete guide to closing on your first home

Movoto

You’ve worked with a real estate agent , toured an endless number of properties, got an offer accepted , navigated the mortgage process , and now you’re in the final stretch. Title company representative: The title company insures the title status during closing. Completing paperwork for property transfer.

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Everything You Need to Know About Closing Cost Credits

Lamacchia Realty

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. The sellers take care of paying for the REALTOR® commission, whereas buyers cover transfer fees and other documentation fees.

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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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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

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. It also provides documentation indicating how much house you can afford. With an agent, you get a professional who knows the ropes.