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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market?

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

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. They will also take into account any upgrades or amenities, as well as how maintained the home is.

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Other Reasons to Get an Appraisal

Aspen Appraisal Group

The appraisal includes an in-person inspection of the home and its condition along with comparable home sales in the market and within the neighborhood. This is a necessary part of the selling and buying process because a bank isn’t going to lend money for a home if the home has been appraised for less than what the loan amount is for.

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How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

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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. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

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Financing Options for First-Time Homeowners

Eppraisal

Mortgage lending is about trade-offs, so expect compromises when you make yourself a riskier borrower for lenders. If you buy your parent’s house, you may use a gift of equity — where the property owner sells it at below-market value — to make your purchase more affordable.

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Square footage: Ask three professionals, get three different answers.

Padove Appraisal Service

Tax assessors use square footage as a means of calculating an equitable taxation amount for the property. Tax assessors disclose “Total Building Area” in their public tax records. The real estate appraiser’s role is to estimate a home’s market value.