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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?

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Does a Home Seller Have to Disclose Repaired Defects?

Hank Miller Team

In many cases, a known easement or encroachment or even pending land use changes can be considered latent defects. Real estate agents have certain obligations as well. While a listing agent might not have the same firsthand knowledge as a seller, they cannot misrepresent the home.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Any existing easements or zoning issues. Whether you are a property owner, real estate agent, mortgage broker or lawyer, we can provide quick and accurate home appraisal services. They are not assessing décor or any feature that is considered removable. Lot: Size and topography of the lot. View (including negative views).

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3 Things You Should Know About Preliminary Title Reports

Zillow

It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. The legal description The legal description is everything you won't see in any real estate agent marketing or advertising. Easements.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value. You may also want to speak with your real estate agents about your appraisal preparation.

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Crunching Numbers: Using an Investment Property Closing Costs Calculator

Listing Spark

Real Estate Agent Commissions This is the biggest part of your likely closing costs. In Texas, the standard practice is to give each agent a commission of 3% of the purchase price. With both listing and buyer’s agents, this alone costs 6% of the purchase price. Every house sale requires a survey.

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When Selling a Home, the Neighbors Matter

Zillow

Problems regarding fence repair, retaining walls or easements can often bring a neighbor into your home sale process. Don’t Believe These 5 Myths About Real Estate Agents. Even if you don't have a plan to sell now, it's good practice to maintain a friendly relationship with the neighbors.