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Inheriting A House? Here Are Your Options

Quicken Loans

Converting the home into a rental , for example, may seem like a great way to profit off the home without selling it, but managing landlord responsibilities is no simple feat – especially if you’ve never managed rental properties before. Consult a tax adviser to go over your options for determining fair market value.

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What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’

Realtor

home values by consulting Google Earth and real-estate websites. BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc., Credit-rating firms usually discount BPO values when grading rent-backed bonds.

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What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’

Realtor

home values by consulting Google Earth and real-estate websites. BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc., Credit-rating firms usually discount BPO values when grading rent-backed bonds.

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What to Do If You Inherit A Home

McKissock

This means having to renovate the house so that it is in good condition, which is never cheap. Note: Keep in mind that you will need to ensure the property is in the best shape for you to live in (renovation costs) and that moving in could lead to an increase in property taxes. Download here. Rent out the property.

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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

You can't deduct capital investments like new buildings, additions or renovations. Your adjusted tax basis in a property is the original cost you paid for the property, plus any amount invested in renovations and improvements (including labor costs on these projects) that you have not previously deducted for taxes. More on these later.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios. What is Market Value As Is and When is it Used?