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Who pays the realtor fees in a sale by owner transaction?
In a sale by owner transaction, the seller typically pays the realtor fees.
Who pays the cost to transfer car title?
Buyer pays the notary and fees.
Who pays the buyer agent fees in a for sale by owner transaction?
In a for sale by owner transaction, the seller typically pays the buyer agent fees.
How long is a va appraisal valid?
An appraisal ordered by the US Department of Veteran Affairs (also known as a VA appraisal), is valid for 6 months. Once the appraisal is complete, the VA will assign a Certificate of Reasonable Value (C.R.V.) to the property. The C.R.V. assigned is good for any eligible borrower. What this means is that the appraised value remains the same regardless if there is a new buyer or if there is an adjustment to the contract terms.
Who pays for a real estate appraisal--buyer or srller?
In residential contracts in the US, the buyer pays for the appraisal which is required to obtain a mortgage. Some contracts may be negotiated that a portion of the closing costs are seller paid on behalf of the buyer which could include the appraisal in the final accounting.
Which fee pays for a licensed professional to determine a value of a home?
Appraisal fee
Building appraisal fees - capital or expense?
Building appraisal fees are typically considered a capital expense rather than an operating expense. This is because these fees are associated with acquiring an asset or enhancing its value, thus contributing to the cost basis of the property. Capitalizing the appraisal fees allows them to be depreciated over time, aligning the expense with the asset's useful life. However, if the appraisal is for a short-term purpose or related to property management, it may be treated as an operating expense.
Can Title Insurance be negotiated?
If you live in a state that does not regulate the fees/premiums, then a title agency may be willing to negotiate the costs of the premiums. Or, they may be able to negotiate some of the fees, like searches/abstracts, copy fees, etc. If you live in a regulated states, all fees or some fees may be overseen by that State's Department of Insurance and whatever are the state-regulated fees MUST be charged. It would be illegal to over-charge or under-charge the fees. A Buyer and Seller can negotiate freely as to who pays what fees of the title insurance costs. In some states, tradionally a seller pays for the Owner's Policy and the Buyer pays for the loan policy covering their mortgage. In other states the seller pays for all fees and in others, the buyer pays. However, there are no laws as to who pays for what, therefore, between the buyer and seller, it is always open to negotiation.
Who pays to have an abstract updated with the new owner's name?
Recording fees can be a matter of agreement between the parties. Generally the buyer pays recording fees for documents in the buyer's name.
What are the minimum VA loan requirements?
The depends on the type of loan. A VA (Veterans Affairs) home loan requires a certificate of eligibility, VA appraisal, and acceptable financial status.
What is a va lapp designation?
A VA LAPP designation, or Lender Appraisal Processing Program, is a program established by the U.S. Department of Veterans Affairs (VA) to streamline the appraisal process for VA home loans. It allows approved lenders to manage the appraisal process more efficiently by having them directly order and oversee VA appraisals, which can expedite the loan closing timeline. This program helps ensure that veterans and service members can access their benefits with less delay while maintaining quality and compliance standards in appraisals.
What are the fees associated with refinancing a mortgage?
The fees associated with refinancing a mortgage typically include closing costs, appraisal fees, application fees, and possibly points. These fees can vary depending on the lender and the specifics of the refinance.
