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The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.
.” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. Sometimes a homes across the street are not the same pool of buyers as a home a block away, even if it is the same builder and floor plan. Because of where buyers want to live. That determines value.
Buyers market : Market conditions that exist when homes for sale outnumber buyers. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Buyers should budget for an amount that is 1% to 3% of the home's purchase price.
After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Here, we’ll quickly walk through the different steps from the beginning of the under-contract period through the final real estate closing day. What is a Real Estate Closing?
My advice: Always check what plan and updates were actually built when doing finalinspection. I always asked to see the final sales document data. WE ARE ALL WAITING FOR RATES TO DROP SO WE WILL FINALLY BE VERY BUSY! AND BUYERS WILL PURCHASE HOMES AND HOME OWNERS WILL REFI TO A LOWER RATE! percent from 6.43
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