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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says.

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Real estate on the ballot: Here’s what passed at the state level

Housing Wire

The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. But the increases are already in progress.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. Not tax advice. Consult a tax professional. †

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Renovation loan assessments.

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5 Most Common Myths About Pricing a Home

Lamacchia Realty

Pricing a home is very tricky and the timing of the market picking up or slowing down makes it even harder. The fact is, if the list price for a home isn’t based on the current market value of the home, it will sit on the market for a long time. Buyers are not interested in overpriced properties.