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

Housing Wire

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home.

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The 11 do’s and don’ts of buying a new build

Housing Wire

Buyers should also budget for post-closing expenses such as landscaping, window treatments, built-in cabinetry and appliances that may not be included. Transfer taxes, title policies and potential appraisal shortfalls should be considered. For quick move-in homes, closing dates can also be adjusted.

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CoreLogic: Jump in home-purchase closing costs outpaces refi loans

Housing Wire

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Closing: Briefly review what to expect on closing day, including a final walkthrough, signing documents, and collecting the keys to their new home. How will these factors affect a potential offer?

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Sellers also have to pay closing costs. Bottom Line. The post Selling your home?

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Bummer! Existing-home sales flop, but relief could be on the way

Housing Wire

“While well-priced homes will still attract a lot of buyers, sellers need to be prepared to negotiate not only on price, but also on concessions, including home inspection and appraisal contingencies, and closing cost assistance,” Bright MLS chief economist Lisa Sturtevant said in a statement.

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Selling your home to a family member in 5 easy steps

Housing Wire

Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. A home inspector will inform the buyer of any significant problems with the home, while an appraiser will be required by the lender if your buyer is financing the purchase with a mortgage.