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

HomeLight

This due diligence protects the lender in case you default and they need to recover their costs. The difference between a home appraisal and a home inspection. You’ll learn jargon you’ve never heard before, like earnest money , escrow, and title search. A home inspection : .

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Do your due diligence. The most common contingency I am seeing is the waiving of appraisals and very short inspection periods,” he says. With a traditional sale contract, the seller is usually on the hook for any necessary repairs identified during the inspection process. The buyer runs a title search on the property.