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9 tips for homebuyers in non-disclosure states

Housing Wire

.: Alaska Idaho Kansas Montana New Mexico North Dakota Utah Wyoming Louisiana Missouri (partial) Mississippi Texas Purchasing real estate in a non-disclosure state can significantly impact home buyers because it’s next to impossible to find property sale prices through public records.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Not tax advice. Consult a tax professional. † HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

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How to price homes properly in a volatile housing market

Housing Wire

Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As By comparison, the retail REO sales sold for 73% of estimated “after-repair” market value. There’s no good news around the corner.

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

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. They will also take into account any upgrades or amenities, as well as how maintained the home is.

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Reasons To Get An Appraisal

Padove Appraisal Service

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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Beyond Buying and Refinancing: A Look at Alternative Types of Appraisals

Birmingham Appraisal

The owner had recently made some updates and renovations and wanted to make sure they got all of their money back from the investment. While the improvements increased the value of their home the appraisal revealed that not all improvements give you a 100% return on the investment. Cost does not always equal value.