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Overlooking key stepslike finalinspections, market research, or ensuring compliance with local real estate regulationscan delay your sale or eat into your healthy profit margin. With so much on the line, having a flipping-a-house checklist can make all the difference between maximizing your return and leaving money on the table.
Tax lien : The government's legal claim against property when the homeowner neglects or fails to pay a tax debt. Walkthrough : A buyer's finalinspection of a home before closing. The owner's bank must approve a lower listing price before the home can be sold. Stamps can also serve as proof of transfer tax payment.
A real estate closing is the final stretch of a real estate transaction, during which several tasks prepare the property for transfer. Throughout this time, several inspections are performed to check everything from the physical condition of the home to the underlying financial and legal health of the property.
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