D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Reviewing / appealing property tax assessment.

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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, 2024

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. Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser.

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Boston Appraisal

AUGUST 17, 2023

In such cases, appraisals may not reflect the true market value of the property or the fair compensation for the damages. This may include market data, expert opinions, photographs, and documents, along with other information that supports the value opinion.

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Housing Wire

NOVEMBER 29, 2023

If a person passes away without an end-of-life document, a property often becomes heirs’ property, meaning that it is passed informally to the next generation without a proper title documenting ownership. According to a 2023 survey by Caring.com, only 34% of Americans have an estate plan.

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Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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Zillow

JULY 15, 2019

Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough. Closing disclosure (CD) : A five-page document sent to the buyer three days before closing.

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PennyMac

JUNE 28, 2022

These are many of the fees that may be included in closing costs that you should be aware of as you prepare your closing documents: Application Fee. If you’re signing digital documents, you won’t need to pay a courier fee. Before you can close, you’ll need to get an official appraisal report for your property. Property Tax.

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McKissock

OCTOBER 23, 2020

Tax appeal. Typically, this would be for local property tax appeals. Income tax (IRS) issues. This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited. Learn more.

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Boston Appraisal

MARCH 18, 2024

Estate and Inheritance Conflicts : When estates are divided, accurate property valuations are essential for fair distribution among heirs. Appraisers assess the fair market value of inherited properties, taking into account factors like location, condition, and market trends.

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D Fritz Appraisals

NOVEMBER 16, 2023

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.

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Cleveland Appraisal Blog

FEBRUARY 17, 2021

As January rolls around each year, homeowners begin receiving their property tax bills. That’s why my tax appeal work often picks this time of the year. It should be no surprise that assessed home and land values are increasing. If a home needs major repairs, clearly this can have a negative impact on market value.

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AmeriMac

JANUARY 30, 2024

Third-party closing costs such as document preparation, wiring, title transfer, and recording fees may also be required. An appraisal management company is responsible for coordinating the reverse mortgage appraisal to ensure that the property reflects the current market value of the location.

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Assurance Financial

APRIL 29, 2021

The CD is a five-page document listing all the details and costs of your mortgage. It will have your name, the details of your loan, a list of loan costs, a list of taxes and other costs and loan disclosures. FMV (Fair Market Value). Municipalities often use FMV to determine the tax rate on a home. LT (Loan Term).

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Will Springer Realtor

MARCH 11, 2024

Beyond the allure of the offer price, it’s imperative to factor in the long-term cost of maintaining a property. Equity-rich is defined as the combined estimated amount of loan balances secured by property owners that are no more than half of their estimated market value. Annual property taxes are, gulp!

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