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A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. No one knows how this will all play out.”.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. After all, no property is perfect.

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Appealing Property Taxes with a Real Estate Appraisals

The Appraiser Coach

Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Read More.

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Desktop appraisal option to start in March

Housing Wire

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%.

Appraisal 414
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9 tips for homebuyers in non-disclosure states

Housing Wire

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions. Be patient and stay flexible as challenges arise.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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One Way to Lower Your Property Taxes

Appraisal Partners Blog

One of those that can be a considerable burden is property taxes. You’ll be hard-pressed to find someone who isn’t looking for a way to drive down the cost of those pesky taxes. That is where a property tax appeal can be your best friend. So if you are paying high property taxes here is how to manage appealing. .