Replace Checkmark into the Property Inspection Report

Aug 6th, 2022
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How to Replace Checkmark into the Property Inspection Report

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today were gonna go over the buyer inspection notice sellers response this documents also known as the Ben sir among the real estate community Im Phoenix real estate agent John Cunningham with exp Realty and today were gonna go over the Ben sir and were gonna talk about three things were gonna talk about what its intended to do how to use it wrong and how to use it right so with no further ado let me present to you the Ben sir now this is one that I used for one of my clients we filled it out and had a happy transaction but heres how heres how it usually goes its something like this so youve got four happy parties usually youve got a happy buyer who finally found their house a happy seller who finally found the person to buy their house youve got a happy listing agent who finally has the house under contract and a happy buyers agent who has found their buyer home everybodys happy one big warm fuzzy happy family until this thing comes along in some cases so this document is

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7 tips for negotiating after a home inspection Hire an experienced real estate agent. Only focus on the major repairs. Opt for a credit or price reduction instead. Think long term. Provide supporting documents. Ask for a home warranty. Be reasonable.
Inspection Report Writing: 8 Best Practices Dont rush it. Know your report writing template. Cater each report to the property. Stick to the facts. Be concise and understandable. Take LOTS of photos. Manage your risk.
A conventional mortgage through Fannie Mae or Freddie Mac typically do not require well and septic inspections. I say typically not required because there may be an instance where they are required. Fannie Mae requires the lender to disclose any information regarding environmental hazards.
Inspections are an important way that buyers protect themselves on the purchase of a property. If there are problems with the home found through inspections, the seller and buyer may negotiate repairs or the buyer may be able to cancel the deal.
In order to complete an appraisal based on an exterior-only inspection for a Fannie Mae loan, the appraiser must be able to obtain reliable information about the propertys physical characteristics and GLA.
On March 1, Fannie Mae issued a Selling Guide announcement to introduce a range of options for establishing a propertys market value, noting that it is moving away from implying that an appraisal is a default requirement. As part of Fannies efforts to improve the efficiency and accuracy of the home valuation
The servicer must order a property inspection on or after the 90th day of delinquency and complete the property inspection no later than the 120th day of delinquency for all delinquent mortgage loans and continue inspecting every calendar month as long as the mortgage loan remains 90 or more days delinquent until the
Fannie Mae does not require a termite inspection unless the appraiser notes the presence of wood boring insects, spokesman Andrew Wilson said. Freddie Macs inspection requirements are the same as Fannie Maes, a Freddie Mac spokesperson said.

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