article thumbnail

What are the potential home equity and tax strategies for wealthy seniors?

Housing Wire

It depends on an individual’s tax bracket and their priorities, but there are several options for higher-net-worth individuals,” Resch said. This also needs to be considered in any potential strategy for wealthy clients. One option is using home equity to fund a Roth IRA conversion, shielding wealth from higher rates in the future.”

article thumbnail

Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

This insight highlights the importance of using the bracketing method and including both larger and smaller comparables in the pricing process. If you have any questions regarding pricing, including the bracketing method, feel free to contact me. Related posts: What is bracketing and why should Realtors do it?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

I can use median or average, but I have to remember to cull the data for common sense bracketing and consider overall site sales related to the subject property use and size. However, The HR side has always enjoyed a lot of gray, like many of our client requests. ?????? The assessor information offers some guidance. (4)

Valuation 370
article thumbnail

ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

It’s important for clients to see their options between ARMs and a fixed-rate mortgage and see what the differences are, Neat Home Loans’ Johnson said. It’s not a bad thing for borrowers, lenders, and loan investors. The post ARMs race: adjustable-rate mortgages make a comeback appeared first on HousingWire.

Mortgage 370
article thumbnail

5 Tax Tips for Real Estate Agents

McKissock

In a people-facing role, it’s important to remember the small touches that make your clients feel appreciated. Or, if your client is a couple, then it’s $50 per couple per year.”. If you’re at the start of your career and still in a lower tax bracket, you might want to consider funding a Roth IRA.

article thumbnail

Appraisal Quality Tip: Location matters — The key to choosing comparable properties

Clear Capital

Issue: Neighborhood sales do not bracket a salient feature Solution: Use comparables from both inside the subject’s immediate neighborhood as well as outside the neighborhood. This approach captures location and provides bracketing for features.

article thumbnail

Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. The final CMA report presents findings and recommendations to clients, allowing them to make well-informed decisions in their real estate transactions.

Agents 87