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Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?
In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. We all know this is true.
Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Possible Title Issues (Easements, Foreclosure). Zoning Requirements. Title Deed. Hazardous Materials.
See the last article in this list for more info on Tidewater. To read more in the full 7-page article with many more ideas, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. To read more, Click Here My comments: This is the only economics article I regularly read. It was and is controversial.
I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.00 The average contract interest rate for 5/1 ARMs decreased to 6.22
The canal was owned by the state with an unclear easement for building beyond the rear lot line. My articles discuss how they differ from lender work, the pluses and minuses, and how to market your services. A few of my articles: Should you do non-lender work? Links in article. Columbia, Maryland’s Quirky Street Names.
Read this article on how to check CO detectors. My comments : Read this article, especially how to identify and check CO detectors. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. Killed by Carbon Monoxide: Appraiser Blamed.
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