Remove Buyers Remove Contracts Remove Final Inspection
article thumbnail

The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

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.

Agents 91
article thumbnail

Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

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.

article thumbnail

The 9 Essential Steps of a Real Estate Closing Process

Movoto

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?

article thumbnail

Appraising New Construction

Appraisal Today

My advice: Always check what plan and updates were actually built when doing final inspection. 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