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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? 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. Home Inspection. Have you budgeted for closing costs?

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A look at the role instant title plays in the borrower journey

Housing Wire

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing.

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

HomeLight

Next steps include the home inspection, appraisal, and final paperwork. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Source: Ice Mortgage Technologies , Data for Sept. Complete home inspection: 5-15 days.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. In addition, the risks of a settlement cancellation or delay are higher with a traditional sale, especially if the buyer is purchasing the home with a mortgage. All of this takes time.

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. They find this offer to be satisfactory and are able to close in days without mortgage lender involvement. They were benefiting from new technology, while the process of selling a house remained largely the same.

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Don’t Wait—Automate!

The Residential Specialist

Even before the days of technology, people sat down and thought about the things they did every day, every week or every month, and came up with processes that allowed them to do those things very quickly. Although you can achieve basic automation without it, technology can enhance your automation game. Masterful marketing.

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The Ultimate Guide to Buying a House in North Carolina

Redfin

The city is also a hotbed for technology and research, with the Research Triangle Park (RTP) nearby, attracting top-notch companies and fostering innovation. This includes paying closing costs, signing the mortgage documents, and obtaining homeowner’s insurance. of the purchase price.