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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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9 tips for homebuyers in non-disclosure states

Housing Wire

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. If your CMA is put together in haste with irrelevant information, it will not be a helpful tool for anyone and may reflect poorly on you as the agent presenting it.

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Opinion: The pros and cons of VA modernization bill

Housing Wire

To begin with, I applaud the flexibility of allowing desktop or drive-by appraisals, but at the same time this would seem to fundamentally alter the requirement of the appraiser to inspect the property to ensure Minimum Property Requirements (MPRs) are met.

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10 Costs of Buying a Home You Need To Know About

Realtor

Costs of buying a home #4: Inspection You want to be assured your new home is structurally sound and free of surprises such as leaks or pests living in the walls. Home inspection : This is critical for home buyers. Expect to pay $300 to $500 for a home inspection, although cost varies by location.

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7 Ways to Prepare for a Home Appraisal

Cleveland Appraisal Blog

How can you prepare for the inspection? Appraisers think about previous sales and the state of the market in your neighborhood. The appraiser will provide your home’s estimated market value in writing afterward. Thank you, Betty, for sharing some great tips to help prepare a home for an appraisal inspection.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray, and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. Presented by: PCV Murcor. In these scenarios, no inspection or appraisal of any kind is performed on the property. Poor data visibility.

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