Eppraisal

OCTOBER 26, 2021

Inspection Contingencies Defined When buyers and sellers agree on all the terms of a real estate contract, it is signed and delivered to all parties. Most real estate contracts have a 5-business day inspection contingency automatically written into the contract. Inspection contingencies are in place to protect buyers.

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Inspection Buyers Real Estate Agent Contracts 69

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Illinois Home Values” [link] According to the Illinois Department of Financial and Professional Regulation (IDFPR)’s Division of Real Estate, there is no “real estate salesperson” or “real estate agent” license in Illinois.

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Real Estate Agent Real Estate Agents Brokerage 399

Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. Ohio Home Values” [link] Indeed.com. Passage of Senate Bill 131 brings license reciprocity to Ohio” [link] Ohio House of Representatives.

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Real Estate Real Estate Agent Brokerage Agents 394

D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Appraisal HOA Easement Valuation 129

Appraisal Today

APRIL 26, 2024

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. You are “graded” on how close you come to the sales price.

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Appraisal Real Estate Real Estate Agent Contracts 76

The Robert Weiler Company

OCTOBER 15, 2021

Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total home value in the country. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name.

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Investing Real Estate Tenants Investors 138

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Contracts Real Estate Agent Sellers Real Estate 36

Eppraisal

JULY 19, 2022

With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney.

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Real Estate Inspection Real Estate Agent Contracts 36

Listing Spark

JANUARY 5, 2025

Which is why many sellers try to sell their home as-is and avoid the hassle of repairs and improvements. Unfortunately a contracts as-is clause can be confusing for some sellers. Types of Homes Sold As-Is Homes sold as-is in Texas can vary widely in terms of their condition, age, and location. How can that be possible?

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Inspection Sellers Real Estate Agent Contracts 36

Zillow

JULY 15, 2019

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

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Real Estate Agent Inspection Insurance Sellers 56

Eppraisal

SEPTEMBER 30, 2021

Buyer demand for homes is extremely high. Home values are rising. One of the terms buyers are writing into their offers is that they are willing to purchase the homes "as is." Many real estate contracts have this provision written in as an optional paragraph. However, it's the legality of the situation.

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Inspection Sellers Contracts Real Estate 36

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Obviously, there are certain elements of home sales that do not apply to the exchange of raw land, at least not yet. Subsequently, the process of conveyance must proceed.

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Development Counter Offer Easement Legal 36

Appraisal Today

AUGUST 23, 2024

Investors use them to evaluate the value and risk of potential investments. Attorneys order reviews to support legal matters involving property valuation, including disputes and condemnation cases. Insurance companies use them for verifying property values in underwriting and claims. percent from 6.54 percent from 6.78

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Appraisal Contracts Investors Property Appraisal 68

Eppraisal

DECEMBER 23, 2022

Be sure your agent did an analysis for you and that you are aware of the home values for similar homes in your area. Negotiate the price based on these home values. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract.

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Real Estate Sellers Inspection Contracts 36

Appraisal Today

NOVEMBER 4, 2022

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help.

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Reconsideration of Value Appraisal Inspection Advertising 52

Empire Appraisal Group

OCTOBER 17, 2024

It could also damage your home’s resale value, void your homeowner’s insurance, or even lead to potential legal trouble. Not properly disposing of debris Neglecting proper debris disposal during a DIY project can have financial, environmental, and even legal consequences.

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Renovations Inspection Tools Insurance 78

Eppraisal

FEBRUARY 25, 2022

A critical step in the home buying process is the final walkthrough of the house, before it officially and legally becomes yours. The purpose of a final walkthrough is to be sure the home is in the same or better condition than it was when you signed a contract. Successful walkthroughs are the goal for all buyers.

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Inspection Contracts Buyers Agents 36

The Robert Weiler Company

SEPTEMBER 7, 2022

A large contributing factor to the rise in home prices is the low amount of inventory available. Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! A whopping 3,644 homes closed during that busy summer month, 15.6

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Marketing Real Estate Investing Retail 78

Eppraisal

MARCH 3, 2023

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. " The average cost of a home warranty is approximately $450-$700.

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Insurance Home Value Legal Investing 36

Eppraisal

JULY 8, 2022

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. There are some contracts that allow the seller to choose the title company. In fact, they play quite a few roles.

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Insurance Real Estate Home Value Buyers 36

Appraisal Today

OCTOBER 25, 2024

The complaint alleges Mykhailyna used sales from distant, majority-Black areas, ignoring closer sales, and undervalued the property by over $200,000 compared to an appraisal less than a year earlier, despite rising home values. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Contracts Real Estate Mortgage 75

Raleigh Realty

MARCH 29, 2021

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. How Much Can You Expect to Pay?

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

APRIL 14, 2023

But what we do know is this gives even more power to Fannie, which will largely dictate home values across America once this program is fully implemented. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30 percent from 6.40 percent from 6.36

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Appraisal Bracketing Valuation Contracts 52

Appraisal Today

JUNE 28, 2024

This finding indicates that we cannot reject the role historic discrimination has played in the evaluation of home values. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.93 The average contract interest rate for 5/1 ARMs increased to 6.29

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Valuation Appraisal Real Estate Real Estate Agent 57

Quicken Loans

APRIL 7, 2021

Rocket Companies’ Home Value Index. According to data from Rocket Companies, home values based on appraisals were up 1.17% for the month and 9.04% annually. Pending Home Sales Index. The number of homes under contract for sale in February was down 10.6% That’s a record going back to 1991.

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Real Estate Marketing Real Estate Agent Construction 43

PennyMac

DECEMBER 22, 2020

The lender initiates legal proceedings against the borrower to foreclose on the property. HVAC, plumbing), the structural integrity of the home, and check the prices of comparable homes in the area. Depending on the lender, you may need to submit special contract forms or paperwork. Foreclosure.

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Inspection Real Estate Agent Real Estate Agents 69

PennyMac

SEPTEMBER 6, 2023

That being said, sellers are still legally and ethically obligated to disclose major issues to buyers, which can lower the home's value. You usually won’t make the same kind of money selling your home as is as you would selling it the traditional way. Curious How Much Your Home Is Worth?

Renovations 36

Renovations Inspection Sellers Buyers 36

Hood Homes Blog

APRIL 29, 2018

I created a page here with the top tools and articles I’ve written for anyone considering selling a home in the Fort Hood area. Home Value. Getting an opinion on a good price for your home is perhaps the one thing every seller wants most. Price Estimate. County Appraisal District. Conclusion.

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Real Estate Agent Realtors Tools Agents 36

Will Springer Realtor

APRIL 10, 2024

However, this poses its own risks, as listing agents are legally obligated to prioritize their contractual relationship with the seller. A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.)

Real Estate 36

Real Estate Buyers Sellers Insurance 36

PennyMac

AUGUST 14, 2024

Check out Pennymac's Home Value Estimator to see recent local home sales and compare the pricing of homes that align with your square footage and number of beds/baths. Ask a real estate agent for their educated opinion on how much you may be able to sell your home for.

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Real Estate Agent HOA Finance Real Estate 47

PennyMac

JUNE 28, 2022

In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a house built before 1979, you run the risk of lead-based paint in the home.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Appraisal Today

JUNE 23, 2023

From determining asset values for financial reporting to assisting with investment analysis, property disputes, tax planning, and mortgage financing, appraisers offer a wealth of knowledge and data that accountants can rely on for accurate and informed decision-making. The average contract interest rate for 5/1 ARMs increased to 6.09

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Appraisal Real Estate Valuation Contracts 86

D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. This can provide access to lower interest rates and extended repayment periods, potentially saving money on mortgage payments.

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Real Estate Investing Appraisal Market Value 126

Houston Properties

JANUARY 13, 2021

So, when we look at all of the data above, here are our main predictions (legal disclaimers below: these are simply our opinions, and we don’t have a crystal ball): Specific neighborhoods with above average income, zoned to good schools that have historically been good stores of wealth will perform very well.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 15, 2023

But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves. Real estate professionals should be paid the same way accountants, lawyers and other professionals do…by the hour…and contract,” one agent said. We wanted to hear from them. Who doesn’t disclose that?

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Realtors Real Estate Agents Real Estate Agent 402

Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

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Appraisal Valuation Inspection Law 292