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Which fee pays for a licensed professional to determine value of a home?
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∙ 12y ago
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How can a homeowner determine if their home has equity?
Deduct your mortgage balance(s) from the appraised value of the house. The remainder will be your equity.
What are the qualifications to receiving loans for home remodeling?
Home improvement loans are a great way to add value to your home, and they are relatively easy to obtain if you have the right qualifications. The following ,Your personal financial standing will determine the borrowing terms you receive.
Are there mortgage loans where you can borrow for example 30000 The first 15000 to buy a foreclosed home and 15000 to fix it up because the appraisal value is 32000 on this house?
The answer to this question is more or less, yes. First, the home has to be free and clear meaning no lien against the property or that you have $32k in homeequity. Secondly, most companies require that you live at the property. This can usually be verified with a utility bill, phone bill, bank statement stating your name and address(the address of the property you intend to use). Third, you have to get the home appraised by a licensed professional, if the appraisal comes back at $32k, your in luck. Lastly, you've got to have a decent credit score. Your credit score will determine how much of the $32k you are able to borrow(also known as LTV, Loan To Value). An excellent credit score will most likely enable you to use 100% of the homes appraised value. An average credit score may only allow you to use %80 of the homes value. Additionally, it doesn't really matter what you use the money for as long as you live at the property, have equity in home and have decent credit. Hope this helps!
What are some benefits can be derived from the use of an equity loan calculator?
An equity loan calculator helps determine the actual value of your home compared to the amount of income you receive to determine how much you should take out on it to make affordable payments back to the lender.
Do I have to use a licensed contractor to make repairs on my home if their is a mortgage?
Yes and No. No you don't need a licensed contractor if you are only doing minor repairs like painting a room or putting in new carpet you don't need a licensed contractor to make the repairs.
Which fee pays for a licensed professional to determine a value of a home?
Appraisal fee
What are home inspection reports?
A written report of the property's condition presented by a licensed inspection professional.
How do you determine if an old home is in need of electrical repair or if the electrical wiring in the home is safe?
To determine if an old home is in need of electrical repair, call a professional. Either a professional electrician or a home inspector can let you know if your electrical wiring is safe and up to code.
How can one determine a home's property value?
To determine a home's property value one can vistit one of the following sites: Willow, Trulia and Realtor. On the Willow and Trulia sites you can simply type in your address and get an estimate on your home's value.
Are Home inspections used to determine the actual value of a property?
no
What areas of a home is a home inspector required to inspect?
States with licensed home inspectors will have a Standards of Practice document approved by the regulatory authority. For example; Massachusetts 266 CMR, New Hampshire HOME 600, Connecticut 20-491. etc... States without licensed home inspectors, the home inspector may be a member of a Professional Organization like InterNACHI or ASHI. These professional organizations also have a Standards of Practice. There are differences from State to State and between professional organizations. There is not a one size fits all answer now that licensing is required.
Is it illegal to cut hair at home if youre a professional stylist in the state of MD?
If you are offering your services and expect to be paid, yes. You are required to be licensed in MD.
How does one determine the market value of his or her home?
One determines the market value of a said home based on research of marketing houses in the surrounding area and price their home accordingly, including or excluding the value of various features of the researched home.
how can I do professional home repair ?
First, you will need to be licensed to perform the repairs (electricity, building, etc.). Then, you will need to set up a business, advertise, and get customers for which to work.
Who writes agreed value home insurance?
In every U.S. state is is illegal for an insurer to knowingly under-insure or over-insure a home. This is why you won't find any companies offering an agreed value policy. If you are certain that the insurer has over valued your property, you have the right to hire your own licensed appraiser at your on expense and then submit his valuation report as your tender of the proper home value. Almost every company will accept your valuation from a licensed appraiser.
Who would be able to reroof my home cheaply?
Choosing a professional contractor to re-roof a home can be accomplished by consulting the National Roofers Association. Licensed contractors prices vary by location and by the size of the roof to be repaired.
How can a person find out the answer to 'how much my home is worth' in Fort Worth?
There are sites like housevalues that approximate the value of a home in a given location. However, the only true way to determine the value of a home is by having an appraiser do it.
