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Buying a Fixer-Upper

Windemere Buying

However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes. Extra consultations, inspections, and appraisals are often required in the loan process, but they help guide the work and resulting home value.

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Setting Up A Real Estate Business In New York

Realty Biz

A limited liability company (LLC) is one of the most popular options for real estate businesses in New York. Building codes are in place to ensure that new construction is done with safety in mind. Building codes can also affect renovations to existing buildings. From a tax perspective, an LLC is simple.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” That determines value.

Agents 97
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Building a New Home vs. Buying an Existing Home

Rent, Buy & Sell

The home-buying process involves many important decisions but the first decision you should make is whether you want to build a new home or buy an existing home. Building a New Home. So you want a home that is brand new rather than one that has been previously lived in. New Construction Home. Self-built home.

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

Gather repair and renovation records. If you’ve lived in your home for a significant length of time, chances are you have the records or receipts for appliance repairs and upgrades, renovations big and small, as well as services to your HVAC and fireplace. Source: (Ricky Singh / Unsplash). Purge the house of clutter.

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Buying a Historic Home? What to Know Before Buying and How to Preserve it

Redfin

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. Is it an example of a historic style or was constructed by a prominent architect? .

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10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.