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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.
Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. Value acceptance does not offer the consumer protection that they seem to elude to as part of the FNME modernization process.
My advice: Always check what plan and updates were actually built when doing finalinspection. I always asked to see the final sales document data. To read more, Click Here My comments: Read this if you do new construction. I have done many new home appraisals from one-off custom homes to all sizes of projects.
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