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2. Will California homeowners relocate or rebuild? Both are costly

   www.aol.com/california-homeowners-relocate...

   Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...

3. Replacement value - Wikipedia

   en.wikipedia.org/wiki/Replacement_value

   The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...

4. Closing costs - Wikipedia

   en.wikipedia.org/wiki/Closing_costs

   The purpose of this appraisal is to verify that the sale price of the property (upon which the underwriting of the loan is based) is equal to or less than the fair market value of the property. [ 2 ] Inspection fees , usually paid by the buyer [ 3 ] (although occasionally by the seller), charged by licensed home, pest, or other inspectors.

5. Actual cash value - Wikipedia

   en.wikipedia.org/wiki/Actual_cash_value

   This percentage multiplied by the replacement cost equals the actual cash value. For instance, imagine a man bought a television set for $2,000 five years ago, which was unfortunately destroyed in a hurricane. His insurance provider estimates that televisions typically have a useful life of 10 years. Today, a similar television would cost $2,500.

6. 6 of the Most Common Home Renovations — Are They ... - AOL

   www.aol.com/finance/6-most-common-home...

   With home prices still on the rise in every region of the U.S., 63% of homeowners say they'd rather remodel their homes than move to renovated homes, according to an October survey by Clever Real...

7. How to buy a house for sale by owner - AOL

   www.aol.com/finance/buy-house-sale-owner...

   What to know about ‘for sale by owner’ homes. Buying a FSBO house requires knowledge of the homebuying process and attention to detail. One thing to be aware of: A home for sale by its owner ...