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As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish realestateagents knew about the appraisal process?” Was the seller highly motivated? ” “City codes and guidelines so finalinspections are not necessary.
In the often chaotic world of realestate, the appraiser-agent relationship can contribute to a smoother process. When realestateagents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.
Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both realestateagents and the lender. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.
Once the parties sign the realestate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer. As a buyer, you’ll normally just sign papers and correspond with your agent, who will initiate most processes.
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