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9 tips for homebuyers in non-disclosure states

Housing Wire

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. But not always. Okay, maybe not.

Appraisal 397
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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

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10 Types of Non-Lending Appraisal Work to Pursue this Year

McKissock

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. ” “Being able to provide an ANSI compliant sketch and opinion of value is very important to any seller or agent/broker. We do that.

Lending 99
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The Assumable Mortgage – Is It the Right Move for You?

PennyMac

Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances? That still leaves $27,520 that must be paid in cash to the seller, which you can settle during the loan assumption transaction, much like a traditional down payment.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Most states calculate property taxes depending on your home’s fair market value.