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Seller impersonation fraud threatens American homeownership

Housing Wire

Scammers pose as property owners and contact a real estate agent to list the property for sale. The listing price of the property is typically set below the current market value to generate immediate interest in the property. The identity of the landowner is also obtained through these public records searches.

Sellers 370
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Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers.

Appraisal 300
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Demystifying Closing Costs: What Home Buyers and Sellers Should Expect

Eppraisal

Closing costs are fees and expenses associated with finalizing a real estate transaction. These costs typically include a variety of fees, such as loan origination fees, appraisal fees, title insurance, escrow fees, and taxes.

Sellers 36
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Just Put in an Offer on a Home? Here's What to Expect

Eppraisal

The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal. Your real estate agents can go back and forth multiple times until all parties agree to everything or reach an impasse. The seller can pick a different one.

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Then, posing as the property owner, the scammer contacts a real estate agent to list the property. The property is then listed, typically below market value to generate interest in the listing. Oftentimes this leads to the discovery of vacant lots.

Sellers 374
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What Impact Do Renovations Have on Appraisal Value?

Birmingham Appraisal

While an appraiser can provide you with the value of the house after the improvements are made a real estate agent would probably be the best person to speak with about current design and fashion trends. Agents speak with buyers every day and have a pulse on what is currently in style.

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The Value of an AVM as a Cog in the Wheel

Eppraisal

While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide a precise estimate of the property's true market value. "Consumer They will provide advice on staging your home, marketing it to potential buyers, negotiating offers, and more.