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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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Beyond Buying and Refinancing: A Look at Alternative Types of Appraisals

Birmingham Appraisal

The Many Faces of Real Estate Appraisals Real estate appraisals are required whenever the value of a property needs to be determined. The value might be assessed as of the inspection date or, in some cases, as of a past date. Accurate pricing involves more than adding the cost of improvements to the market value of your home.

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Just Put in an Offer on a Home? Here's What to Expect

Eppraisal

Your offer will only become legally binding if the seller signs it. Schedule a Home Inspection If you include an inspection contingency, hire an inspector to evaluate the house’s condition within the agreed-on period. Buy New Homeowners Insurance Call an insurer about getting a policy for your new home.

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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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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. State laws will usually dictate who is legally responsible for overseeing the closing. FHA Mortgage Insurance Premium. This premium payment is separate from your monthly mortgage insurance payments.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.