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Accurate Survey Why It Matters: A current and accurate survey highlights property boundaries, easements, and encroachmentsall of which can affect a propertys value. For example, a shared driveway easement or an encroachment by a neighboring structure can impact marketability and appraised value.
How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.
During this time, there are many things that a buyer needs to accomplish such as inspections, appraisals, securing their financing, and title searches. Let’s take a closer look at each one of these processes Inspections Why do real estate agents recommend getting home inspections during the due diligence period?
” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” I use the iPad to do inspections. Also, I have appraised multiple airports and done various easement studies for research.”
This is when you, as the investor, will have the opportunity to inspect all aspects of the land and receive full disclosure of all details and conditions before completing the transaction with the land seller. Possible Title Issues (Easements, Foreclosure). Current PropertyTaxes. Historic PropertyTax Bills.
A title company will provide a title commitment, which is a promise to issue title insurance for the property. There are strict guidelines for propertytax prorations at closing. Prepare for Home Inspections Home inspections can make or break a sale, so being prepared is essential for FSBO sellers.
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