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What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc.

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Things Builders Should Know About Spec Home Loans

Realty Biz

The purpose of a spec house is to showcase the builder's skills and design choices to sell it to potential buyers once it is completed. Creating Detailed Plans and Specifications To successfully bring a spec house project to life, builders must create detailed plans and specifications outlining the property's design, layout, and features.

Loans 108
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7 best real estate schools in Massachusetts for 2024

Housing Wire

Exam Prep: The Basic Prelicensing package features three e-books and a course manual designed to help you retain essential real estate concepts and prepare for the state exam. Features Commercial Lease Clauses of Tenant Concerns: Part III and other residential courses C Gold Package 12 Hrs: Includes 12 hrs of CE for MA commercial real estate.

HR 354
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Home Appraiser vs. Home Inspector: What’s the Difference When Selling a Home?

HomeLight

While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. In the December 2021 survey, 19% of buyers waived the inspection contract contingency, down from its height of 27% in July 2021.

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How Does a Home Warranty Work, and What Does It Cover?

Realty Biz

It's possible (but not required) that they could involve: Issues with the framework, the foundation, and the interior design elements of a room. Appliances and devices designed for commercial use, such as those made by Bosch, GE Monogram, Sub-Zero, Thermador, and Viking. Aspects of solar systems and their constituents.

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These People Rushed to Buy Homes During Covid. Now They Regret It.

Realtor.com

The graphic designer, 30, paid roughly $600,000 for the house. It was a land grab for houses,” said Cheryl Eisen, CEO of the interior-design and property-marketing firm Interior Marketing Group. In these conditions, many are tempted to waive inspections or skip other due diligence they would normally perform before buying a home.

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

HomeLight

Now it’s all about preparing for your closing. That means that between the time your offer is accepted and the day you close on your home, you and your lender will be in frequent contact as they review your finances and prepare your loan. One piece of information your lender will look at closely is the home appraisal.