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  1. Nov 1, 2023 · A home appraisal is a value analysis of your property from a certified or licensed appraiser hired by the lender during the home purchase or refinance process. The lender needs an...

    • Bob Musinski
  2. Jan 24, 2024 · A Texas real estate contract is a comprehensive and legally binding document that formalizes the terms and conditions of a property transaction. The blueprint delineates crucial details, establishing the groundwork for a smooth and mutually agreeable exchange of real estate in the Lone Star State.

  3. When drafting a contract relating to real estate, the best sources of the property description are the last deed in the chain of title or a recent title commitment or policy. Appraisal district records are not recommended as a source.

  4. Buyers and sellers should discuss any questionable items before executing a con-tract, so that all parties have the same under-standing as to what items will stay with the property and which items the sellers will take with them.

  5. Episode Highlights. Overview of changes to the Texas Real Estate Commission’s primary contracts and documents. Definition of “cash” in the one to four contract. Requirement of MUD, WCID, or PID notices from sellers. Section 7D of the Texas Real Estate Commission’s contracts. HOA transfer fees.

  6. What is an appraisal? An appraisal report is an estimation that concludes with an opinion of value. The appraiser will use a few “approaches,” typically three, to draw up the estimation of market value.

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  8. Jan 4, 2024 · An appraisal contingency is a clause included in a real estate purchase contract that allows the buyer to walk away from the deal and retain their earnest money, or renegotiate if the appraisal on a home comes back below the agreed-upon purchase price.

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