Appraisal Hub

MAY 17, 2023

It will likely stay on the market for longer, which can result in additional carrying costs, such as mortgage payments, property taxes, and maintenance expenses. You might even end up selling your home for less than its true value just to get it over with, which means you lose out financially.

Inspection 78

Inspection Property Taxes Real Estate Agent Buyers 78

Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

Legal 148

Legal Real Estate Appraisal Valuation 148

Eppraisal

FEBRUARY 14, 2024

Appraisal Fees: Lenders often require a professional appraisal to assess the fair market value of the property, and buyers are typically responsible for covering this expense. Title Insurance: Title insurance protects both the buyer and lender against any legal issues or disputes regarding the ownership of the property.

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

Boston Appraisal

AUGUST 30, 2023

The IRS requires a “Certified Appraisal” from a “Certified Appraiser” for many transactions, including charitable contributions of property, estate settlements, or gifting assets. CPAs must be diligent in ensuring that all real estate appraisals involved in tax-related transactions meet these stringent IRS conditions.

Real Estate 109

Real Estate Appraisal Valuation Property Taxes 109

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.

Appraisal 106

Appraisal Inspection Property Taxes Easement 106

McKissock

FEBRUARY 21, 2021

Primarily, the issues revolve around the following aspects: Financial and legal responsibilities : This financial responsibility primarily includes things like any debt obligations like a mortgage, that may be attached to the inherited property. Or it may even involve a loan that was taken out and securitized by the property.

Real Estate Agent 56

Real Estate Agent Property Taxes Real Estate Legal 56

Housing Wire

NOVEMBER 29, 2023

Typically, when a person passes away, it is customary for a will to specify who will inherit the property. However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. How is the title industry helping to address heirs’ property?

Legal 410

Legal Law Property Taxes Government 410

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.

Appraisal 77

Appraisal Insurance Legal Development 77

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.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Zillow

JULY 11, 2019

Property taxes. Expect to pay property taxes to local and county governments each year. Your local government will assess the market value of your property at its "highest and best use" and charge you a percentage of that value every year. Other tax deductions. Advertising fees.

Investing 43

Investing Bracketing Property Taxes Real Estate 43

PennyMac

JUNE 28, 2022

State laws will usually dictate who is legally responsible for overseeing the closing. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. The owner’s title insurance is optional but highly recommended by most legal experts. Property Tax.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Zillow

JULY 15, 2019

Equity : A percentage of the home's value owned by the homeowner. Escrow account : An account required by a lender and funded by a buyer's mortgage payment to pay the buyer's homeowners insurance and property taxes. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

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.

Appraisal 104

Appraisal Legal Appraisal Process Inspection 104

Miller Samuel

MARCH 19, 2019

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.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Today

SEPTEMBER 9, 2022

Get the relevant date of value from the client or client’s attorney. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Excerpts: 2. But not one at a time.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52