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That’s why a complete home inspection is essential when looking at REO properties. Inspectors need to note any visible damage, check how well major systems are working, and estimate the cost of repairs. Cost Approach Determine the cost to rebuild the property, subtract depreciation, and add land value.
Real estate disclosure statements, which can come in a variety of forms, are the buyer's opportunity to learn as much as they can about the property and the seller's experience in it. It is the seller's chance to reveal anything that can negatively affect the value, usefulness or enjoyment of the property.
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