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The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer.

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RenoFi targets homeowners who don’t qualify for HELOCs

Housing Wire

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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Real estate appraisals: What agents should know

Housing Wire

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling.

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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

How long does closing take from here? Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. Average time to close. However, a holdup could push out your projected closing date.

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

Housing Wire

Home improvements and renovations are also important to buyers. 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.

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10 Common Renovation Terms and Their Definitions

Point2Homes

Planning to carry out some renovations in your home? If so, you can be excused for getting lost among the numerous phrases, words, and acronyms that make up the rich language of renovation. They can also decide to put your renovation on hold until the inspection has been carried out and all work is approved. Blueprint.

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Why It’s Important to Work Around Your Home’s Current Design When Renovating

RIS Media

If you’re planning to renovate your home, you may be envisioning an open floor plan or thinking about changing the layout of a bathroom. How Your House’s Design Can Limit Your Renovation Options. You will most likely have to get a permit before renovations can begin and will have to get the work inspected and approved.