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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Mortgage financing and refinancing. Any existing easements or zoning issues. Renovation loan assessments. Lot: Size and topography of the lot. Vehicular access.

Appraisal 105
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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.) Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

Appraisal 126
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Red Flags Related to a Title on a Home

Will Springer Realtor

Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.). EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose. That includes liens for non-payment of municipal services or to clear mortgage debt on the home.