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Appraisal Trends: Mastering Property Conditions and Location on the Appraisal Review

Genworth MI Blog

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

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

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Make sure to consider the inspection process as you are making your offer. Step 7: Have the Property Inspected.

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The Pros and Cons of Buying a House

PennyMac

May be required to allow landlord access to home for inspections. Cash-Out Refinancing is a popular way to get cash for just about anything—renovations, the purchase of a second home, or other long-term investments for your future. Begin your online application now, if you still have questions contact a Pennymac Loan Officer.

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When Should You Downsize Your Home?

Assurance Financial

If you want to downsize because you’re looking for a different layout for your home or to have different amenities, consider whether it might make more sense to reorganize or renovate your current home. Many homeowners whose needs change often decide to take out a second mortgage to fund their renovations. Linked sources: [link].

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A property tax reckoning is coming

Housing Wire

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. There is a great reluctance on part of most homeowners to have an interior inspection,” said Youngman. They were approved in December,” he said.