Remove Inspection Remove Market Value Remove Property Taxes Remove Reference
article thumbnail

Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

article thumbnail

Your Ohio Commercial Property Reassessment Cheat Sheet [2023 Update]

The Robert Weiler Company

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. And, how can property owners potentially challenge new property values?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional.

Appraisal 103
article thumbnail

Mortgage Term Glossary

Assurance Financial

After the introductory period ends, the rate adjusts based on the market rate on a set schedule. The first number refers to the length of the introductory period, while the second is how often the rate can adjust. Assessed Value. The assessed value is used to calculate your property taxes. Fair Market Value.

article thumbnail

What to Do If You Inherit A Home

McKissock

Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it. Of course, the type, location and value of the property can contribute to the previously-spoken of headache. Rent out the property.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. And, can you really expect equivalent costs for rebuilding the property?

article thumbnail

Important Mortgage Acronyms

Assurance Financial

The acronym “DTI” refers to your debt-to-income ratio and compares the amount of debt you have to your monthly income. If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. FMV (Fair Market Value). LTV (Loan-to-Value).