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Market Value vs Assessed Value

Market Value Vs. Assessed Value

A property’s market value is typically higher than its assessed value. Houses are valued for different purposes. Counties collect money from homeowners as real estate taxes that are calculated, or assessed according to the properties tax values. In contrast, a buyer and seller of a home must agree on a transaction price before they can […]

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Pre Listing Appraisal

Pre-Listing Appraisals Can Save Deals

Would you like to reduce the number of times your sellers home appraises lower than the Contract Price? Get a Pre-Listing or Current Listing Appraisal! Why? Because you can and should provide a copy of this appraisal to the Bank’s appraiser. Not only will that appraiser be happy to have a prior appraisal to review along with […]

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What is a Bankruptcy Appraisal

What is a Bankruptcy Appraisal?

Bankruptcy appraisals establish a home’s value to support your claim of financial distress. When you file for bankruptcy, you must provide the court with a total financial snapshot of your current income, debt and other obligations. While establishing values for most of these things is relatively easy, determining the current value of your home can […]

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Property Divorce Appraisals

Finalizing a divorce involves many decisions, including “Who gets the house”? There are generally two options regarding the house – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well […]

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Estate Appraisal Facts

Estate Appraisal Facts

Date of death valuations (Retrospective Appraisals) Estate appraisals are commonly ordered by the executor of an estate to determine tax liability and dispose of real property under a will or in probate. There are many situations — none of them lacking stress and complexity — where you might need an appraisal of property that states […]

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Probate Will

Do I need a Probate Appraisal?

Settling an estate for the purpose of probate is often times difficult and stressful.The probate process is used for settling an estate when the deceased who owns property does not leave a will to determine who inherits the estate. The courts decide on an executor to guide the probate process. The probate process requires an […]

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FHA Appraisals

Seller Tips about FHA Appraisals

In the home buying marketplace there are many different types of mortgage products available to consumers. The most popular in recent years is the FHA mortgage. The FHA mortgage allows a borrower to put down 3.5% towards purchasing a home. This is extremely prevalent in today’s mortgage climate because a conventional mortgage requires 20% down […]

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Home Appraisal Tips for Sellers

Home Appraisal Tips for Sellers

Being an appraiser, I see anxiety and the look of fear on a home sellers face when I walk through the door. Here I will share my home appraisal tips for sellers. My goal is to shed some light for home sellers and best prepare them for the home appraisal. Put the Home Appraisal First […]

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