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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. Inspections are an expense that is paid by the buyer. Due Diligence: What Is it?

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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. There are two main parts to a Home Appraisal: Inspection of the property. Type and age of plumbing and other systems (condition would be determined during a home inspection ).

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Does a Home Seller Have to Disclose Repaired Defects?

Hank Miller Team

Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. Latent Defects Must be Disclosed A latent defect is an issue with the property known to the seller but that might not be discovered during a reasonable inspection of the property.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

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. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

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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. If you are not working with a real estate agent, you may want to hire a real estate lawyer.

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

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. If that happens, your real estate agent will have to negotiate with the seller to see if they will bring their sale price down to $350,000.

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