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But before you do there's one last factor to consider: the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared.
Obviously, there are certain elements of home sales that do not apply to the exchange of raw land, at least not yet. Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. Another measure of value -- land values, not homevalues -- is information derived from a raw land appraisal.
Market data for real estate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. As we know, in some situations, sellers will cave in.
In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. HVAC, plumbing), the structural integrity of the home, and check the prices of comparable homes in the area.
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