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One expense that is not always factored into the budget is an inspection. While researching, be sure to factor in the cost of an inspection when looking at the price tags of the commercial real estate listings. An inspection report may also give you some leverage when negotiating the property’s price.
Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. How got your name.
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Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Inspection or desktops are fine, but fees may be low and many don’t want to do them.
. >> Housing permits for single-family home construction in the Seattle/King County area this year is 49% lower than the peak period of 2002-2008. >> A survey of National Association of Realtors® members showed 34% of their clients were first-time buyers, up from 31% the previous year (July 2020-June 2021).
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