Raleigh Realty

AUGUST 17, 2021

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Inspections are an expense that is paid by the buyer. Due Diligence: What Is it?

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Cleveland Appraisal Blog

APRIL 21, 2022

Consequently, they are not likely to disclose any negative information about their property that they do not legally have to disclose. By the way, when I use the term “crazy” in this post, I’m referring to personality clashes between two individuals and not to a mental condition that one may be suffering from.

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Market Value Appraisal Agents Real Estate Agent 354

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. How Are Real Estate Appraisals Related to Estate Planning?

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Real Estate Appraisal Legal Valuation 133

D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. What is an Appraisal, and Who Pays for it?

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Appraisal Inspection Appraisal Process Legal 108

Housing Wire

NOVEMBER 30, 2023

The proctors may also carefully inspect eyeglass frames, ends of sleeves, pant leg bottoms, or any other apparel that could be used to hide notes or a recording device. The following are forms of photo ID accepted for the exam: [8] Current state-issued driver’s license Current state-issued identification card U.S.

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Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. For example, buyers may make an offer on your home that is contingent on your house passing a home inspection.

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Raleigh Realty

FEBRUARY 24, 2022

At this point in the offer letter, a buyer will also include what is referred to as "earnest money," which is really just a good faith deposit to let the seller know how serious they are. During this time, the property will go through home inspections, appraisals, land surveys, deed and title checks, and much, much more.

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Contracts Real Estate Sellers Real Estate Agent 147

Dart Appraisal

APRIL 9, 2021

The Dictionary of Real Estate Appraisal defines Highest and Best Use (HBU) as “The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value.” Maximum productivity.

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Valuation Legal Clients Appraisal 68

Empire Appraisal Group

OCTOBER 17, 2024

Insurance coverage addresses each of these items differently: Maintenance involves routinely inspecting and servicing your property’s systems. These issues could include anything the initial home inspection missed, like faulty wiring, structural issues, mold, and pest damage. Filling out a permit typically involves fees.

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Renovations Inspection Tools Insurance 78

The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Reduce legal concerns. They can also take care of legal matters such as executing and terminating lease agreements, handling security deposits, collecting late rent payment fees, and evictions.

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Property Management Tenants Real Estate Investors 78

Hank Miller Team

APRIL 12, 2023

Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. Latent Defects Must be Disclosed A latent defect is an issue with the property known to the seller but that might not be discovered during a reasonable inspection of the property.

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Sellers Easement Inspection Real Estate Agent 40

The Robert Weiler Company

APRIL 15, 2022

A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. As such, landlords often stipulate that the tenant can’t terminate the lease early for any reason; this is referred to as an absolute net lease (or bondable net lease); more on this type of lease below.

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Tenants Landlords Property Taxes Real Estate 144

PennyMac

AUGUST 31, 2024

In real estate, "closing" refers to the final step in the home-buying process. During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. Home Inspection The home inspection helps identify any potential property issues.

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Inspection Real Estate Agent Sellers Legal 36

McKissock

FEBRUARY 21, 2021

Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it. The legal, financial and other responsibilities associated with either moving into an inherited house or renting it makes these options too demanding for many people. Sell the house.

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Real Estate Agent Property Taxes Real Estate Legal 56

Birmingham Appraisal

JUNE 19, 2024

Property Sale- If you are selling your property and an appraisal is conducted to establish a listing price (commonly referred to as a pre-listing appraisal ), the appraisal report is confidential and shared only with you (the client) and any other parties you authorize, such as your real estate agent.

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Appraisal Appraisal Process Clients Real Estate 83

Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.

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Reconsideration of Value Appraisal Inspection Advertising 52

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Refinancing refers to when a homeowner replaces the current loan package with a new one. During due diligence, you'll need to hire someone to do a property inspection and appraisal. Also, ask about issues like lead paint.

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Government Real Estate Agent Insurance Property Taxes 148

Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Understand buyer motivations, be open to reasonable offers, and consider seeking legal advice for more complex negotiations. What is For Sale By Owner? Negotiation Skills: Brush up on your negotiation skills.

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Real Estate Agent Legal Real Estate Sellers 36

Eppraisal

JULY 1, 2022

Of course every home sale will always include the owner, but FSBO refers to a very specific type of sale where the homeowner handles the sales process without the aid of a real estate agent. Preparing all legal documents, like the bill of sale document. This can open you up to legal problems or delay your sale.

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Real Estate Agent Real Estate Home Value Legal 36

Aedis Appraisals

JANUARY 12, 2018

With a long-standing history of providing intricate assessments for various legal organisations, insurance companies, and private market financiers, the top-rated real estate appraisers in Vancouver are able to complete all of the following tasks: Direct comparisons to adjacent properties and neighbouring buildings. Long-term investments.

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Real Estate Appraisal Valuation Legal 36

Zillow

MAY 8, 2017

To research your prospective home's zoning requirements, you can visit its municipality's website, or arrange to meet with a staff member, who can walk you through the legalities. Your broker can refer you to an inspector, but it's important that this person not be biased, as you'll need an objective opinion.

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Renovations Inspection Real Estate Modernization 36

Eppraisal

DECEMBER 23, 2022

If a buyer calls you directly or knocks on your door, refer them to your listing agent. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed.

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Real Estate Sellers Inspection Contracts 36

Birmingham Appraisal

MAY 2, 2023

A retrospective appraisal is an appraisal that is performed on a property with an effective date that has occurred before the actual date of the inspection. The date of inspection is the date the property was viewed. You can ask for references or read reviews online to get an idea of their reputation.

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Appraisal Market Value Inspection Real Estate 52

Quicken Loans

APRIL 12, 2021

Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. Also called a Notice of Default (NOD), or lis pendens (suit pending), the public notice is a written notification to the homeowner that the lender will pursue legal action if the debt is not paid. Stage 3: Pre-Foreclosure.

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Inspection Property Taxes Mortgage Investors 54

Eppraisal

JULY 12, 2022

Earnest money is sometimes referred to as a "good-faith" deposit. For example, if you find major defects or safety hazards in the home that cannot be rectified, you are legally able to get out of the contract during the inspection contingency period. One important aspect of the home-buying process is earnest money.

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Contracts Real Estate Agent Sellers Real Estate 36

Realvals

JULY 29, 2022

The legal description, parcel number, tax year, and annual taxes are next. If it is an irregular-shaped lot, the dimensions section will often say something like “Refer to Plat Map.”. The software calculates the square footage based on the exterior dimensions measured by the appraiser at the time of the inspection.

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Appraisal HOA Contracts Clients 78

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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Appraisal Inspection Valuation Lending 28

San Jose Real Estate

SEPTEMBER 23, 2024

This refers to anything that the seller gives or grants to the buyer. What is a seller concession? Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so. Concessions are a normal part of negotiation.

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Sellers Counter Offer Buyers HOA 36

The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate. Note: A full commercial appraisal is sometimes referred to as a “summary appraisal report.”).

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

JANUARY 15, 2024

The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report. The appraisal process involves a meticulous inspection of the property to determine its key elements. Retain a copy of the report for future reference and record keeping.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

MARCH 22, 2024

Neighbors can provide valuable, first-hand insight into the area without being bound by legal or professional standards. Refer back to the notes you took during the buyer consult, and when a property comes on the market that meets at least four of the buyer’s five must-have items, it’s time to make an offer. Talk to the neighbors.

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Real Estate Agent Real Estate Clients Agents 459

Housing Wire

NOVEMBER 30, 2023

Real Estate Law: Covers Real Estate Law and Legal areas Impacting real estate professionals Examine the law of agency as applied to real estate brokers and sales personnel, law of fixtures, estates, mortgages and liens, OH license laws of Ohio, zoning & more. Athens Campus location. Mandatory Core Course Meets CE Requirements.

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Real Estate Real Estate Agent Law Inspection 448

Eppraisal

MAY 17, 2022

They are offering considerably above list price, buying “as is,” waiving inspections, using appraisal gap riders and more. Many buyers are writing personal letters to sellers, sometimes referred to as "love letters," to make their offers stand out and get their offers accepted. Are "Love Letters" Legal?

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Real Estate Agent Sellers Legal Home Value 69

The Robert Weiler Company

DECEMBER 9, 2022

Commercial agents also inform their clients of any additional steps required for the deal to finalize; for instance, a commercial property may need an inspection before closing the sale. The buyer’s agent will also schedule a commercial appraisal and inspection and promptly bring the results to the client.

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Real Estate Agent Real Estate Realtors Agents 78

Housing Wire

JUNE 14, 2022

Desktop appraisals and hybrid appraisals, where an independent third-party inspects the property, both “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower,” wrote Fannie Mae. Non-traditional appraisals to the rescue. Fair housing, are you kidding me?”. .”

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Appraisal Valuation Inspection Law 370

Appraisal Buzz

DECEMBER 11, 2024

In 2018, Fannie Mae launched its Pre-Foreclosure Property Preservation Program, offering mortgage servicers the opportunity for Fannie Mae to handle the management of inspection and preservation activities on delinquent loans secured by vacant properties. We are exploring batching inspections. How is AI impacting the sector?

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Inspection Technology Insurance Training 396

Property Metrics

MARCH 13, 2025

Requires advanced underwriting, deal structuring, capital-raising, project management, and investor relationsplus the ability to lead teams and navigate complex legal/regulatory issues. Lenders, appraisers, and brokers typically reference market value when determining loan amounts or pricing recommendations.

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