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50% Rule Imperils Rebuilds in Hurricane-Hit Areas

Empire Appraisal Group

In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. In Florida, a homesteaded property’s assessed value can only increase by a maximum of 3% a year.

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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

A home appraisal determines the fair market value of a home. While there are different laws for different states, Fannie Mae has a general list of requirements on their site. One fee is mortgage insurance, which the bank takes in case you default on your home. What is a Home Appraisal? This process is heavily regulated.

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

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute.

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26 Reasons to Get an Appraisal

Realvals

By providing clear evidence of the value of your assets, you can help avoid disagreements among your loved ones after you’re gone. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. An appraisal can assist you in determining the value of real estate, personal items, and business interests.

Appraisal 145
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. This tax directed is specifically at New York City because it is designated for cities in the state with populations of more than 1 million.

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What You Need to Know about Flood Zones

Eppraisal

Many distressed property owners had no flood insurance because they did not live in a designated flood zone. By law, residents of moderate to low risk of flooding are not required to buy flood insurance -- though they may choose to do so. Does Flood Zone Designation Affect Home Value? Now they do.

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Appliances for FHA appraisals

Appraisal Today

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” His law practice is dedicated to valuation issues.