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Home Appraisals – What Do They Look For?

D Fritz Appraisals

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 105
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Help your Borrowers Navigate Recent Home Appraisal Trends

Genworth MI Blog

Appraisal overview The appraisal is a report with an independent opinion of value of how much a property is worth. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report.

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Home Seller Closing Costs in Texas

Listing Spark

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. The title insurance premium is set by the Texas Department of Insurance and will be the exact same at any title company you choose. Homeowner Association Fees.

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7 Questions You Should Be Asking When Buying A House

Raleigh Realty

Inspection - Why do we conduct a home inspection once you have made an offer on a home? Mortgage Insurance Premiums - Depending on what type of loan you choose, some of them may require smaller down payments. Loans such as these often will require you to purchase mortgage insurance, which is an added monthly fee.

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Say What? Home-Buying Lingo You Should Know

Zillow

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

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What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. FHA Mortgage Insurance Premium. Homeowners Insurance.

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Important Mortgage Acronyms

Assurance Financial

If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. FAIR (Fair Access to Insurance Requirement). FAIR is a state-mandated program and usually costs more than a private insurance policy. FMV (Fair Market Value).