Housing Wire

JUNE 11, 2021

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. An appraisal is a valuation of a property by a third party.

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Cleveland Appraisal Blog

APRIL 21, 2022

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.

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Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects.

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Boston Appraisal

AUGUST 30, 2023

One essential yet often overlooked component of their job involves real estate appraisals. Here, we delve into some of the key intersections between CPAs and real estate appraisals, incorporating insights from our appraisers. CPAs incorporate real estate appraisals into annual reports and financial statements.

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Real Estate Appraisal Valuation Property Taxes 109

Housing Wire

APRIL 25, 2022

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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East Coast Appraisal

FEBRUARY 6, 2024

Do you feel that you are paying an unfair amount in property taxes? If you believe the market value of your commercial property is lower than what the local authorities think it is, you may be looking for a way to reduce your tax bill.

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D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Read on for more information about how a home appraiser determines the value of your property. Type of foundation.

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Aspen Appraisal Group

SEPTEMBER 25, 2020

An essential aspect of selling or buying a home is the appraisal. An appraisal on a home is an unbiased evaluation of what the property is worth. The appraisal includes an in-person inspection of the home and its condition along with comparable home sales in the market and within the neighborhood.

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Appraisal Buzz

APRIL 4, 2024

billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% growth rate in 2022 – and the largest in the past five years, the firm says in its annual property tax analysis report. The report also shows that the average tax on single-family homes in the U.S. Roughly $363.3

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Boston Appraisal

SEPTEMBER 18, 2023

But often, the role of the real estate appraiser is overlooked. As industry leaders in both residential and commercial real estate valuations, Boston Appraisal Services deeply understands the critical contribution that precise appraisals make in the estate planning matrix.

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Town & Country Residential Appraisals

FEBRUARY 26, 2024

In Westmoreland County, PA, a significant number of homeowners find themselves grappling with property tax assessments that seem higher than they ought to be. In some cases, property owners don’t even know what their assessed value is or how it relates to their property tax consequence.

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Boston Appraisal

AUGUST 17, 2023

Appraisals are often a crucial part of real estate transactions, litigations, taxes, and estate planning. However, in the course of obtaining an appraisal or while reviewing an appraisal, it may be necessary to verify the reliability, credibility, and accuracy of an appraisal report.

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Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Their expertise goes beyond helping buyers and sellers determine accurate market value.

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AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property.

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The Robert Weiler Company

APRIL 12, 2023

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. The 2020 property reassessment included more than 5.5

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Hood Homes Blog

SEPTEMBER 19, 2018

The property taxes in Harker Heights are expensive! It is not exactly true, as, in fact, Harker Heights has one of the lowest property tax rates in the Fort Hood area. Instead, Harker Heights’ property taxes are more not because the rate is higher but because property values in Harker Heights are higher as a whole.

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Realtor

MAY 17, 2023

Another important step prior to closing on a house is the appraisal. If the appraisal comes in higher than the sales price, then the buyers can relax in the satisfaction they’ve purchased a home for less than its market value. Once the contract has been signed, a seller can’t renegotiate the price higher.

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East Coast Appraisal

JULY 7, 2022

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

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AmeriMac

APRIL 15, 2023

At some point, you may need to have a commercial real estate appraisal done as it plays a critical role in many aspects of the commercial real estate industry. In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals.

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Birmingham Appraisal

DECEMBER 7, 2022

If you purchased your home near the beginning of the pandemic chances are that with appreciation that has occurred the market value of your home may have increased enough to give you more than enough equity to drop PMI. If your home is smaller than what the assessor shows this could result in your taxes being lowered.

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Appraisal Hub

MAY 17, 2023

It will likely stay on the market for longer, which can result in additional carrying costs, such as mortgage payments, property taxes, and maintenance expenses. You might even end up selling your home for less than its true value just to get it over with, which means you lose out financially.

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Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Not tax advice. Consult a tax professional. † CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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East Coast Appraisal

FEBRUARY 23, 2022

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals.

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Town & Country Residential Appraisals

MAY 1, 2023

Clean and Green is a preferential tax assessment program enacted in 1974 under the stated goal of “protecting the Commonwealth's valuable farmland, forestland, and open spaces.” It bases property taxes on use values rather than fair market values. This ordinarily results in a tax savings for landowners.

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D Fritz Appraisals

SEPTEMBER 13, 2021

This will factor into how much tax you potentially pay. That depends entirely on what you do with the inherited property, and this is why appraising the property is so important. You will be taxed on the “ Fair Market Value ”, at the time of inheritance to the time you decide to sell.

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The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property.

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McKissock

OCTOBER 23, 2020

There are many types of litigation where real estate appraisers can be helpful in providing evidence to the court. Many of these will require engaging the appraiser to perform an appraisal specifically for the case. Others will simply rely on a previous appraisal and call the appraiser to testify about it.

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East Coast Appraisal

JULY 27, 2023

Investors employ diverse real estate appraisal and valuation methods that offer distinct benefits. Learn about the most common property valuation methods. This data includes the sale prices, as well as any relevant adjustments to account for differences between the subject property and the comparable properties.

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AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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Eppraisal

FEBRUARY 14, 2024

These costs typically include a variety of fees, such as loan origination fees, appraisal fees, title insurance, escrow fees, and taxes. While the specific expenses may vary depending on factors such as location and the type of mortgage, both buyers and sellers can expect to incur closing costs when completing a property sale.

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D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Appraisal Today

JANUARY 27, 2023

Appraisal Changes By Dan Bradley Excerpts: On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report. How much do appraisers contribute?

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AmeriMac

JANUARY 17, 2022

However, it isn’t necessarily accurate and shouldn’t be used for appraisals for a number of reasons that are definitely worth a closer look. What Is an Appraisal? At its core, a home appraisal is a process wherein a trained, licensed professional will come to a home and make a determination of its fair market value.

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Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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AmeriMac

SEPTEMBER 15, 2021

One of the most critical aspects of buying or selling a home ultimately comes down to the appraisal that is performed just before a transaction is finalized. Sometimes people order their own independent appraisals. It’s also useful in terms of appealing property tax assessments, among other reasons.

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