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

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. After all, no property is perfect.

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CFPB Acts Against Contract-for-Deed Investors Targeting Low-Income Borrowers

Appraisal Buzz

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

Contracts 367
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Buyers backing out of purchase agreements at elevated rates: Redfin

Housing Wire

of homes that went under contract. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. of purchase agreements.

Buyers 436
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9 tips for homebuyers in non-disclosure states

Housing Wire

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions. Be patient and stay flexible as challenges arise.

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A look at Knoxville’s hot housing market

Housing Wire

You set your appointments the night before, and when you get there that morning, they might already be under contract.” But broker Renee Humme, with Prime Mountain Properties , said the lower property taxes, mountains and surrounding scenery, and low cost of living are the main draws for most of her clients.

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Buyers Retreat as Home Prices Hit All-Time High in June

Appraisal Buzz

of all homes under contract, being canceled in that month alone. of the residences that were under contract in that month. of homes that went under contract. of homes that went under contract. The share of pending sales that fell out of contract, as % of overall pending sales was 14.9%, representing a 0.3

Buyers 396
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

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