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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

HOA 370
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ALTA: Protecting property rights with title insurance

Housing Wire

For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. Diane Tomb, ALTA CEO Contributor.

Insurance 464
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Selling Your Home Due to a Divorce

Eppraisal

It is wise to think about what the most effective business decision will be in regard to your marital home. Currently, home values are still high, and the real estate market is still good. It is an opportune time to sell your home so you can both enjoy the proceeds from the increase in value.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

If that home’s value increases to $300,000, your payback will be 5% of the current value (or $15,000.). Scenario 2 – You receive a 10% incentive and your home’s value decreases. You receive a 10% incentive of the home’s price of $200,000, or $20,000. Am I A First-Time Homebuyer? Need some pointers?

Insurance 141
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How to Avoid Capital Gains Tax on a Home Sale

Will Springer Realtor

By Jeffrey Steele Most homeowners aim for a substantial increase in home value – and many are achieving it when they sell their primary address. Today, because of inflation, a $250,000 or $500,000 gains of much more than $250,000 or $500,000 are not uncommon, so many people go over, especially in higher-priced markets.”

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Do I Need a Property Manager to Rent My Single Family Home?

Eppraisal

Depending on home value in the real estate market, this task can be pleasant and quick or, on the other hand, arduous and extended. Leasing can sometimes take an entire month's rent while renewal often hovers around $200 as a fixed fee, assuming a monthly rent of $2,000.