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A broker price opinion (BPO) is a real estate professional’s dollar estimate of a property’s worth. It is an opinion, but one often backed up by the selling prices of comparable homes in ...
A net sheet itemizes the costs associated with the sale of a home to estimate the amount the seller will earn, or “net,” from the sale. Net sheets are typically prepared by your real estate ...
In Germany, real estate appraisal is known as real estate valuation (Immobilienbewertung). Real estate appraisers (Immobilienbewerter or Gutachter) can qualify to become a Öffentlich bestellter und vereidigter Sachverständiger (officially appointed and sworn expert). However, this formerly very important title has lost a lot of its importance ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
Loan Estimates are considered binding in that the lender's costs cannot change and if the lender's estimates of third-party costs are off by more than 10% the lender must cover the difference (this is called "curing"). [3] The Loan Estimate covers all the costs associated with buying a home, even if they are not related to the actual mortgage.
Key takeaways. A home's fair market value is, in a nutshell, the price that a buyer would pay a seller in an open market. Many factors go into determining it, including location, size, age ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
The final page of the loan estimate lists more important details of your mortgage agreement, like the names of the lender and the loan officer, plus three key figures you can use for comparison ...
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