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The Inspection, The Appraisal & The Price Really Matters

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The inspector works for the homebuyer, looking for every problem beyond reasonable wear. The appraiser works for the lending institution to create a home value to commensurate against the mortgage risk of the lending institution. The homeowner has to disclose the true condition of the home with a gauntlet of questions that leaves no stone unturned.

An expert realtor knows the market. They know what it will cost them to market your home and how long it will take to sell. You should interview several agents and vet them online to determine how they will represent you in the market. Often times there’s an unrealistic sale price the homeowner has in mind that is too high for the neighborhood and will generate little interest for homebuyers; a good agent can help escort the homebuyer to a reasonable opening sales price that will generate activity and sell your home. Unfortunately for the seller, if the home is priced too high, a number of buyers will not be seeing it. And, statistically, the longer the house is on the market, the more the home decreases in value. Ideally, a home should sell within 30 to 45 days, and if not, price reductions should be made.

Most states have mandatory disclosure forms the seller must complete in good faith for the benefit of the buyer. Often the questions on the disclosure form are reminders of inoperable items and repairs that need attending. Being proactive about fixing mechanical problems and construction deficiencies can position your home for a favorable inspection. It can also create a good inspection report, which can reflect on the pride of ownership, i.e. you were a good steward of your home. Some real estate professionals will advise the seller to have a home inspection up front in order to know what actual or potential problems they might be dealing with.

When the buyer and seller agree on the sale price of the home, escrow is opened and physical inspections are ordered. The buyer generally has ten days from the date a contract is formed to complete their inspections and request any repairs – or withdraw from the agreement. The seller, once all reports and requests for repairs are provided, has five days to respond to the buyer’s request. Many inspectors are former contractors and are well-versed in the due diligence process to assess a home’s condition. Sometimes additional specialists, such as for roofs, A/C units, environmental issues or pools are brought in. But, keep in mind, the inspector works on behalf of the buyer, and therefore the buyer is responsible for paying for all inspections.

Once the inspections, often referred to as due diligence, are completed and buyer and seller are in agreement, the appraisal is ordered by the buyer’s lender. The appraisal of your home can be a price gauge for the seller, but more for the buyer’s lending institution, who will be offering the mortgage. If the appraisal falls below the agreed price, the buyer’s lending institution may balk at the sales price and the transaction could come to a screeching halt. Usually the buyer and seller will then attempt to renegotiate the price through their realtors. If they can do that, which often happens, the deal stays together and usually goes to closing. Most appraisers are looking at five basic items: the structure, interior, amenities, upgrades and the lot size/landscaping. Having the yard in good shape and the interior of the house in good order can generate a solid sales price. Appraisers are asked to support the value of the purchase price, which is why the appraised value most often comes in exactly at the same price.

Through comparable sales, aka comps, appraisers adjust values based on proximity, size of home and lot, upgrades inside and out of the home and community amenities. Due to the fact that appraisers are human, having your home in “show appeal” readiness can add or solidify value to the home, whereas a home showing deferred maintenance, in disorder or dirty can have a negative effect on value.

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Shop The Cheapest Home and Auto Insurance Quotes in Florida with Velox Insurance

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Shop The Cheapest Home and Auto Insurance Quotes in Florida with Velox Insurance

Drivers in Florida that are looking for savings on their car and home insurance premiums can call on Velox Insurance to find the lowest rates on car and home insurance in Florida. Anyone seeking new insurance for auto or home can either call Velox Insurance who has offices in Florida and Georgia to get the lowest rates available. You can shop online, in person or over the phone. Florida drivers and homeowners can get the best rates easier by visiting Velox Insurance.

Visit Velox Insurance today and enter your information and find the low rates you deserve. Or call our office in Georgia at 770-293-0623 or our office in Florida 813-425-5115 and speak to one of our live agents.

Florida drivers that need savings on their auto insurance premiums can with Velox Insurance. When it comes to saving money on your auto or Home insurance in Florida the only way to know if you are getting a good rate for your car, truck or home is to compare your rates with Velox Insurance.

Visit Velox Insurance and enter your information on the website and get the quote you deserve and make the switch today.

About Velox Insurance

Since 2003, we have been serving our communities around Atlanta, GA with affordable insurance.   In 2007, we rebranded our business as Velox Insurance. Velox Insurance, Inc was established with the goal of providing competitive rates and superior customer service to meet insurance needs of our customers in the Southeast.

Our commitment to excellence in providing affordable coverage and value to our customers has propelled our growth to 9 states and 40 locations  throughout Georgia and Florida.

At Velox Insurance, we understand that your time is valuable, so we strive to provide reliable, fast service and to obtain the best coverage at the lowest price for your vehicleproperty and business insurance needs.

We are able to accomplish these goals by partnering with dozens of major insurance companies, which allows us to select the appropriate coverage at the best rate in just a short few steps.

We are also focused on making the insurance shopping experience as convenient and easy as possible for our customers.

With this goal in mind, we created an online platform for our customers to get a quote and purchase immediate coverage online in a matter of minutes. This platform has allowed us to expand to  AlabamaArizonaCaliforniaFloridaIndianaSouth CarolinaTennessee and Texas.

At Velox Insurance, our business philosophy is to continuously evolve to meet the needs of our valued customers. Our mission is to deliver peace of mind at a great value and to provide a world-class customer service experience.

Contact Velox Insurance

Florida Phone: 813-425-5115

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Finance

Norwalk Insurance Agency Educates On The Cost of Contractors Insurance

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Norwalk Insurance Agency

Norwalk, Connecticut (findit ) January 20, 2021 – JMG Insurance, a Norwalk specialty insurance agency, offers readers some valuable information regarding how much contractors insurance costs. The new article is guided by the insurance experts at JMG who have extensive experience helping clients find the perfectly priced plan for their needs. They have designed this new article to help readers get a better idea of what factors will affect the cost of contractor’s insurance the most.

JMG Insurance offers readers some valuable information that explains how to calculate what the cost of contractor’s insurance may potentially be. In the article, they explain what contractors insurance is before getting into the things that affect their cost. Some of the factors they go over include the number of employees, the types of contracting jobs, the risks associated with services, and others. They hope that this article will help contractors searching for insurance understand what to expect while also demonstrating the importance of working with experts.

While this new article focuses on explaining how to calculate the cost of contractor’s insurance, JMG’s website offers visitors more information regarding their team, experience, as well as a full list of service offerings. JMG offers personal, business, and specialty insurance that helps clients get the protection they need at the best possible rate. They offer thorough insurance plans for business owners, contractors, errors and omissions, general liability, group benefits, construction companies, and more. Their agency was built on the principles of providing superior customer service and quality insurance solutions for their clients, and they work hard to uphold these values. Their team strives to make the insurance process as simple as possible for every client.

With the addition of this new article, the team at JMG hopes that contractors will have a better understanding of what factors will affect how much a comprehensive insurance plan will cost. For more information, reach out to the qualified contractor insurance experts at JMG today at 1-844-304-7332 or visit their website at https://jmg.com/. Their offices are located at 29 Haviland Street in Norwalk, Connecticut 06854.

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Finance

Apply For Student Debt Relief Programs Available to Borrowers with Freedom Loan Resolution

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Students that are living paycheck to paycheck and struggling to make ends meet as a result of their past due student loans can apply for available student debt relief programs with Freedom Loan Resolution. We our a group of experienced student loan debt counselors that know and understand the situation that you are in and we are here to help you apply for the right debt relief program to meet your needs.

Oftentimes, juggling mandatory living expenses such as housing payments, car payments, utilities, and food and credit card bills, there is not enough money left over to pay your student loan debt. Moreover, when you are in a financial hardship, struggling to make ends meet, it can be difficult to figure out the best course of action for your student loan debt. Let us help you apply for the right debt relief program that will help you get the debt relief that you need so you can move forward on the right financial path.

Our student debt counselors are extremely experience and know and understand the situation you are in. With several types of programs available to borrowers right now, we will help you get the relief that you need. You may be eligible for: student loan forgiveness, income based payment plans, and federal student loan consolidation and we will help determine which program you qualify for and is best suited to your needs.  

In student loan forgiveness, students may be eligible for a principal reduction, partial loan forgiveness, or total loan discharge. Each case is different and we will help determine which you qualify for.

For some students, an income based payment plan can be the right choice. With an income based payment plan, students repay their student loans at a rate that is calculated based on their income and family sizes. In some cases, this could mean a payment of $0.00 per month.

With federal student loan consolidation, all of your student loans are consolidated into one new loan with one payment that you can actually afford. This is a great way to tackle your student loan payments without having to juggle multiple loans.

For more information, contact Freedom Loan Resolution to start your student loan debt relief application with us. We look forward to working with you and helping you get the debt relief that you need. Contact our student loan debt counselors now at 888-780-6225.

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