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What’s the Difference between an Appraisal and a Home Inspection?

Keeping Current Matters

It’s also a different step in the process from a home inspection , which assesses the condition of the home before you finalize the transaction. Home Inspection. Here’s the key difference between an appraisal and an inspection. Your real estate agent is a key expert to help you through this part of the process.

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Agents scramble to meet demand…in Rochester?

Housing Wire

That’s standard for Rochester, a city on the banks of Lake Ontario that quickly grew after the American Revolution and gave birth to Eastman Kodak and Xerox , but whose population has tumbled from around 350,000 in the mid-20th century to just over 200,000 today. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

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What Is a Pre-Listing Inspection?

Windemere Buying

As you search for a home , you’ll likely come across the term “pre-listing inspection” here and there. Let’s take a deep dive on the pre-listing inspection, how it factors into making an offer on a home and unravel why some sellers choose to conduct it. What is a pre-listing inspection? Talk to your agent for more information.

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Why Home Inspections Are Mandatory for First Time Home Buyers

Realty Biz

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. What Does a Home Inspection Include?

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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

Not so fast: You need an REO buyer’s agent. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. A “real estate owned,” or REO, home is one that’s owned by a bank. Source: Clara Lilley / Unsplash).

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The hybrid appraisal is here. Who benefits?

Housing Wire

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. that afternoon.

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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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