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9 tips for homebuyers in non-disclosure states

Housing Wire

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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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. “As

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What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Closing on a House: Settlement Tips for Home Sellers

Realtor

As a seller, here’s what you need to know about the settlement process. If the appraisal comes in higher than the sales price, then the buyers can relax in the satisfaction they’ve purchased a home for less than its market value. Once the contract has been signed, a seller can’t renegotiate the price higher.

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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

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How to Appeal Your Property Taxes in King County

Will Springer Realtor

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects.

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Demystifying Closing Costs: What Home Buyers and Sellers Should Expect

Eppraisal

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. These costs typically include a variety of fees, such as loan origination fees, appraisal fees, title insurance, escrow fees, and taxes. What are Closing Costs?

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