Remove Legal Remove Market Value Remove Presentation Remove Property Taxes
article thumbnail

9 tips for homebuyers in non-disclosure states

Housing Wire

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Hire a local, licensed appraiser to assess the property you’re interested in, evaluating the home’s condition, size, age, and other amenities.

article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. Sponsored content presented by Citibank, N.A. NMLS #412915. Member FDIC and Equal Housing Lender.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

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.

Appraisal 105
article thumbnail

Florida Homeowners: What to Expect When You Live in a Tourist Hotspot

Lamacchia Realty

Living amidst Florida’s tourist attractions presents unique opportunities and challenges, from cultural exchanges to heightened seasonal activity that can influence daily life and property decisions. Also, property taxes can spike as municipalities capitalize on the booming local economy.

article thumbnail

How the title industry is addressing the negative effects of heirs’ property

Housing Wire

A home that is inherited from a family member without a will, also known as heirs’ property, can present serious challenges to families if new ownership has not been updated in land records. Typically, when a person passes away, it is customary for a will to specify who will inherit the property.

Legal 426
article thumbnail

26 Reasons to Get an Appraisal

Realvals

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.

Appraisal 145
article thumbnail

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

Miller Samuel

The market value of these properties will be based on a "comparable sale-based valuation method." which seems in direct conflict with state law since co-ops and condos are valued as rentals by state law in NYC. It taxes residential properties valued at $5 million and above in NYC, most of which are in Manhattan.