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

Raleigh Realty

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?

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Must-Have Information Required for a Successful Appraisal

Birmingham Appraisal

Accurate Survey Why It Matters: A current and accurate survey highlights property boundaries, easements, and encroachmentsall of which can affect a propertys value. For example, a shared driveway easement or an encroachment by a neighboring structure can impact marketability and appraised value. Share this information proactively.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. Plot/blueprint or property survey.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

Conduct Environmental Tests You should view the environmental tests of your future land as important as an inspection of a future home. It will help you learn if there are any easements or restrictions on the land that you need to know about. After the offer is accepted, a Sales Purchase Offer is generally signed.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. You should also be aware of any additional charges or expenses that may arise during the appraisal process, such as travel, inspection, research, or review fees.

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How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

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). What Should I Consider When Buying Land? Title Deed.