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Unpermitted Additions: Here’s What You Need to Know Before Buying a Home with DIY Renovations

HomeLight

However, smaller projects like replacing gutters or adding a fence could also be considered unpermitted additions if your area’s zoning or building boards require owners to acquire a permit before beginning construction. “It Building codes are minimum standards that ensure public health and safety. Ask the seller directly.

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What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

There are a few different types of as-is designations, and what as-is really means varies by designation. Your lender may require the house to meet certain livability standards, so you might not be able to get financing for an as-is home. Add an inspection contingency. It’s not zoned for its use.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

Line up your financing. Prequalification usually just means that a mortgage professional takes a look at your finances (assets, income, and other debt) and gives you an estimate of the loan amount you may be able to afford. After the inspection, you’ll receive a detailed report along with a summary of any issues.

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What Does a Real Estate Agent Do? The Benefits of a Buyer’s Agent

HomeLight

We constructed the go-to guide on what a real estate agent actually is and how he or she can help your homebuying experience. Many designations are affiliated with the NAR, and an agent must complete coursework and sometimes an exam to receive the title. The financing process can be very confusing and often burdensome.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

As far as home styles go, new construction is trending toward a country style, says Raymer. Buyers will also find a lot of coastal home designs, as well as a good number of condos and townhomes. Contingencies: Financing, home inspection, and appraisal. Closing date. Earnest money deposit amount. Home warranty.

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Will My House Appraise for Its Selling Price? 10 Tips to Steer Clear of a Low Valuation

HomeLight

Whenever a buyer is financing the purchase of a home or refinancing a mortgage , an appraisal of the property is required in order to assure the lender that the value of the property matches the amount of the loan, according to the Appraisal Institute , the nation’s largest professional association of real estate appraisers. The neighborhood.

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Can You Sell a House with Code Violations? Here are Your Options

HomeLight

Most cities and municipalities adopt a set of universal building codes for residential construction that are developed and updated by the International Code Council (ICC), collectively referred to as the International Residential Code (IRC). Rooms added after original construction – Work must be permitted and meet building code.