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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.

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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. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” Was the seller highly motivated?

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Say What? Home-Buying Lingo You Should Know

Zillow

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

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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?