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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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Closing on a House: Settlement Tips for Home Sellers

Realtor

As a seller, here’s what you need to know about the settlement process. Before closing on a house, most transactions include a home inspection , so you’ll need to make your home available to the inspector and then negotiate with the buyers about anything the inspection turns up according to the terms of your contract.

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10 Costs of Buying a Home You Need To Know About

Realtor

This amount can change depending on market factors. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for.

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The Differences Between an Appraisal and a Home Inspection

Hank Miller Team

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In brief (operative word), an appraisal is an estimate of the current market value of a home completed by an appraiser using set evaluation criteria.

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Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel

Those are "PiW" loans or have a "Property Inspection Waiver." Liability insurers are already talking about a new target when things go south. Liability insurers are already talking about a new target when things go south. The seller and the buyer determined the market value by agreeing on the price."

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Home Seller Closing Costs in Texas

Listing Spark

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

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

Eppraisal

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.