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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years. This will help ensure a fair market value.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. What is a Home Appraisal and Why is it Important?

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Say What? Home-Buying Lingo You Should Know

Zillow

Homeowners association (HOA) : The governing body of a housing development, condo or townhome complex that sets rules and regulations and charges dues and special assessments used to maintain common areas and cover unexpected expenses respectively. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house.

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What’s Included in Closing Costs?

PennyMac

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). The owner’s title insurance is optional but highly recommended by most legal experts. Courier Fee.

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10 Ways to Financially Benefit From Your Home

PennyMac

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Any increase in market value also contributes to an increase in your home equity. When your market value increases, so does your home equity. Two key benefits are equity and tax advantages.