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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Must-Have Information Required for a Successful Appraisal

Birmingham Appraisal

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. I had the opportunity to discuss some common questions people have about the appraisal process with Massachusetts real estate agent Kevin Vitali.

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How to Post the Most Effective MLS Listing: Tips to Help Buyers and Speed Up the Appraisal Process

Boston Appraisal

This is where a good realtor will also provide essential disclosures such as any potential influences like power lines, train tracks or easements that might be in place. A realtor should also note the details of common areas, special assessments if there are any, or any legal issues that might be affecting the project.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Due Diligence: What Is it? This is part of what happens next when you go under contract on a home.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Any existing easements or zoning issues. Whether you are a property owner, real estate agent, mortgage broker or lawyer, we can provide quick and accurate home appraisal services.

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3 Things You Should Know About Preliminary Title Reports

Zillow

It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. The legal description The legal description is everything you won't see in any real estate agent marketing or advertising. Easements.