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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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The hybrid appraisal is here. Who benefits?

Housing Wire

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Presented by: Reggora.

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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. Secure a Mortgage Present your home purchase agreement with your chosen lender and submit the other requirements for review. If the inspection finds the house is unfit for occupancy, discuss with the seller who should pay for what and schedule repairs immediately.

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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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Tax implications for final probate.

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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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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. The training work may include consulting, teaching, blogging, writing appraisal courses, webinar presentation, mentoring, or anything else that interests you in this capacity.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

The lender initiates legal proceedings against the borrower to foreclose on the property. Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. Make sure to consider the inspection process as you are making your offer.