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Top Tips and Considerations For Buying Land

Realty Biz

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Zoning determines land use, such as residential, commercial, or agricultural.

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Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. This due diligence protects the lender in case you default and they need to recover their costs. Source: (Erik Mclean / Unsplash).

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Closing costs can range from 2.5% Hiring an attorney, which is a local convention in New York , eases the burden of buyer due diligence on an entire building’s amenities, including elevator updates and hot water service. One-bedroom apartments in co-ops can start at $700,000 in co-ops compared to $1.2 million in condos.

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How Much Over Assessed Value Should You Pay for Land?

Marco Santarelli

Community Amenities: Access to schools, parks, recreational facilities, and cultural attractions can enhance land value in residential areas. Additional Costs: Factor in additional costs associated with land acquisition, such as closing costs, taxes, and potential development expenses.

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Selling a House ‘As Is’ in Connecticut

HomeLight

The law requires sellers to disclose material facts about the property through the Residential Property Condition Disclosure Report. A good time to fill out a Residential Property Condition Disclosure Report is prior to listing your home or requesting an offer so that you know it’s taken care of. Fees: Sellers do not pay closing costs.

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Learn About Real Estate Investing: Beginner’s Guide to Real Estate

Marco Santarelli

It ranges from residential and commercial properties to industrial and retail spaces. Make an investment: Once you've identified a potential investment property and secured financing, it's time to make an offer and close the deal. Be sure to conduct due diligence and fully understand the terms of the purchase agreement.