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Determining Property Value the Right Way
 
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http://www.freedommentor.com/determining-property-value/ - Discover the right way to determining property value.
Views: 490555 Phil Pustejovsky
Commercial Real Estate - How to Value a Property
 
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We talk about 3 valuation methods in this video - Sales Comparison, Capitalization, and Replacement Cost Methods. Each has its own use, and appropriate circumstances.
Views: 117277 InvestRelevant
Tax Assessment vs Market Value | Why is the Tax Assessed Value Different than the Sales Price?
 
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Arlington, VA real estate agent and Realtor Matt Leighton talks about the differences between the tax assessment and the market value (sales price) of a property. Subscribe for more videos: http://www.youtube.com/subscription_center?add_user=themattleighton Real Estate Continuing Education Online Classes: https://goo.gl/Cr4Tpf Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area [email protected] Find Matt here: https://www.snapchat.com/add/mpleighton https://www.facebook.com/TheMattLeighton https://twitter.com/TheMattLeighton https://instagram.com/TheMattLeighton https://www.linkedin.com/in/TheMattLeighton Tax assessment (via https://topics.arlingtonva.us/realestate/taxes-payments/real-estate-taxes/): Each year, the Department of Real Estate Assessments determines the value of real property in Arlington County. The assessment is then multiplied by the real estate tax rate, which is set by the County Board each year. Assessments begin Jan. 1. Assessors do not determine your property taxes; their job is simply to ensure that your assessment is fair and equitable. Information on tax rate and assessments: https://budget.arlingtonva.us/ Basically, the 2017 Arlington VA property tax rate is $.991 per $100 of assessed value. So a $400,000 assessed property would have property taxes equal to $3,964. The assessor usually doesn’t visually inspect the subject home or the comparable homes. So any updates are most likely not taken into consideration. They have their own calculation for coming up with the assessment. They simply look at the size of the home, the number of bedrooms and bathrooms, and if there have been any permits issued for larger renovations, that would affect the assessment as well. Improvements and current market condition are not factored in. Occasionally, you might get a knock on your door from someone in the county real estate office asking to inspect the property for appraisal reasons but this is a very rare occurrence. I think there is one way to look at the sales price and tax assessment that can help you out as you’re looking to make an offer on a home. And that is if two comparable properties come on the market. You can compare them to their respective tax assessments. So 2 similar condos in the same building come on and one is priced higher than the other…is the higher one also tax assessed for a higher amount? It should be. It could be a way to find out if one property is over-priced. If you don’t like your assessment, you can file an appeal. Don’t complain to your friends and do nothing about it. Present your case and complain formally to your jurisdiction and maybe they will lower your assessment. Video location: Penrose Square - Arlington, VA https://goo.gl/maps/Yjfd4NbHwFA2 (map) MY EQUIPMENT LINKS TO AMAZON The camera I use - https://goo.gl/3n13gS The lens I use - https://goo.gl/hS8a1s The mic I use - https://goo.gl/kSeu8J The memory card I use - https://goo.gl/t4wdXj The camera flash I use - https://goo.gl/pi2gmj The gimbal I use - https://goo.gl/xKMj8t The gorilla pod I use - https://goo.gl/jLLL5q The intervalometer I use - https://goo.gl/EV2KWo The iPad I use - https://goo.gl/G9onPp Business inquires [email protected] Matt Leighton - Arlington VA Real Estate Agent Licensed in VA and D.C. Century 21 Redwood Realty 1934 Wilson Blvd Arlington, VA 22201 https://www.youtube.com/watch?v=VinZ9K5JhgQ please note the obvious - Matt does not work for or is not affiliated at all with Arlington County.
Views: 4982 Matt Leighton
Appraisal Value of Home
 
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What is an appraisal value? How valuable is an appraisal value? How do you know the appraisal value of a home? Perhaps you've come across this term in your journey in real estate and that's why you're here. Let's get answers to our questions. Kris Krohn & Nate Woodbury WORK WITH KRIS: ======================== Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options: http://LimitlessMentor.com/TV/ BOOKS By Kris Krohn ======================== The Straight Path To Real Estate Wealth: http://limitlessmentor.com/TV The Conscious Creator: http://amzn.to/2gFEkblLimitless: http://amzn.to/2gLQXoV Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
Understanding the Home Appraisal Process
 
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Consumers are often baffled by the home appraisal process. They may feel their home is worth a certain dollar amount, and therefore, the appraised value doesn't make sense to them. It is important to know that appraisal guidelines are dictated by the lenders and the law. In many states, the lenders must disclose the purpose of the appraisal, as each situation carries its own set of rules. In essence, lender guidelines force appraisers to put a fair market value on a home based upon comparable sales in the area where the home is located, as the home must be bracketed according to size and value. For example, there is no set amount associated with a great view, pool, spa, bathroom upgrades, etc. If a homeowner installs a custom pool that cost them $30,000, and the local marketplace supports the value of a pool at $15,000, that item will be bracketed as [$15,000] on the appraisal. Upgrades can usually be expressed at full value in newer homes since they required investing additional money onto the cost of building the home. On the other hand, the amount invested in upgrading or remodeling an older home is rarely reflected in full in the final appraisal. The reason is the home had value in its original condition, and again, the value of the upgrades must be supported by comparable examples within the same marketplace. These comparisons must be drawn from current market activity within the last six months. Some lenders may want to look at both closed and pending sales to see if there is any room for negotiation. This is a safeguard to prevent appraisers from over-valuing the home in question. It is further stated in the guidelines that appraisers can only place a value on homes that have closed escrow. However, when property values rapidly increase within a marketplace, appraisers are generally permitted to make concessions and put more weight on the evidence provided by comparisons to pending sales and listings. This allows for a "real time" appraisal. Although there is no formal standard to speak of, most lenders give the appraiser a 5% margin of error. If the file is reviewed and the appraiser is off by 8%, there is a good chance the value will be cut by the full 8%. It is in the best interest of both the appraiser and the homeowner not to push the value up higher than the market will support, otherwise the property evaluation may be exposed to a strict appraisal review. As a loan adviser, I make it a point to follow lender guidelines at all times, and work within the systems they provide. This promotes a good relationship with the lender, and smooth closure for my borrowers. As always, you are welcome to contact me if you have any questions. Call me directly for a free consultation at 714-352-0808.
Views: 41071 Hugh Charlie Wang
Differences between Home Market Value, Assessed Value, and Appraised Value!
 
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The value of real estate can sometimes be confusing, let's take a closer look at the differences between home market value, assessed value, and appraised value to help you make sense of it all! What you'll learn: 1. How the assessed value of your home impacts your property tax assessment! 2. How the appraised value of your house impacts a buyer's home loan! 3 How the market value can drive up the price or drive it down from the fair market value! **To find top agents near you, please email me directly at: [email protected] Thank you!** Join us live every Wednesday at 11am PST. See you soon! NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =) Timeline: 1. 0:54 - What is Assessed Value? 2. 2:01 - What is Appraised Value? 3. 2:48 - What is Market Value in Real Estate? 4. 4:00 - Examples of: a. Appraised Value vs Purchase Price b. Assessed Value vs Market Value c. Assessed Value vs Appraised Value Share your favorite part of this video with us in the comments below. Thank you! Want to know more about buying a house in Las Vegas or Las Vegas real estate? Send me a message. I'm happy to help. Thank you for watching! =) Enjoy an amazing day! -Your Trusted Real Estate Advisor, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Trusted Real Estate Advisor License #S.0173260 Call/ Text: 702-710-0287 Email: [email protected] https://www.andrewfinneyteam.com/ King Realty Group 6955 N. Durango Dr. Suite 1004 Las Vegas, NV 89149 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Disclaimers/ Credits: At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos are to educate you and help you make sense of the real estate process. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, or any other services where you live, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. Video Inspiration: You! Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
Views: 427 Andrew Finney Team
Assessed Value vs Appraised Value With Robert Nichols
 
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For first time home buyers, the process of buying a home can be quite intimidating. One area of concern is the Market/Appraised value vs the assessed value. In a seller's market, where values are appreciating, buyers get concerned when they see an assessed value that is significantly below the list price. The reason this happens is because the assessed value always lags the market or appraised value. Assessed value is what your town or city feels your home is worth and taxes you on that value, not the appraised value. As a result, sometimes the assed value may be $100,000 or more below the market value in a seller's market . This is actually a good thing for buyers and home owners, because you're able to pay taxes based on a lower valuation until your property is re-assessed. In a declining market, assessed values are actually higher than the appraised value. In these instances, you should contact the assessors office to assess your home to get the assessed value in line with the market value so that your property taxes are appropriate. With this understanding, buyers should base their purchasing decision based on a Comparative Market Analysis to get an understanding of the Market/Appraised value.
Views: 877 Robert Nichols
Home Appraisal - Answers to 8 Common Questions
 
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The home appraisal is a key moment in the home buying process that most people overlook. In this video, we explain and answer your most pressing questions. Our guest for this video is appraisal expert Bill Pfrommer The appraisal is Step #7 in our New Home Buyers Guide. Learn more here: https://www.newhomebuyersguide.net Here’s an overview of the video: APPRAISAL: A profession opinion of a home’s value. NOT AN INSPECTION QUESTION #1 WHAT’S THE DIFFERENCE BETWEEN AN INSPECTION & AN APPRAISAL? An INSPECTION is an in-depth analysis of the state of a home. Inspectors crawl in the crawlspace, climb into the attic. They analyse every detail of the home and tell you, the buyer, what issues there are. An APPRAISAL is a much more surface analysis of the home for the purpose of finding its value. #2 WHY GET AN APPRAISAL? Appraisals are ordered by the bank you’re borrowing money from. They want to make sure that they are investing a reasonable amount of money. In fact, the appraiser doesn’t report to you at all. They only report to the bank. However, YOU have to pay for the appraisal. #3 HOW IS THE VALUE FIGURED? Appraisers study a home’s value based on comparable homes close to it, its state of maintenance, what it would cost to replace, and may other market factors. #4 DOES THE APPRAISER KNOW THE SALE PRICE? Yes, the appraiser is required to know what a house is being sold for by looking at the purchase agreement #5 DO I HIRE THE APPRAISER? No, the mortgage lender will hire them #6 DO I SCHEDULE THE APPRAISER? No, the Appraiser will contact the seller or their realtor #7 DO I HAVE TO BE PRESENT FOR THE APPRAISAL? No, but you can attend if you’d like. Just understand that the Appraiser can’t tell you anything. #8 WHEN DO I PAY THE APPRAISER? The cost is a part of your closing costs. You’ll see it as a line item on your closing statement (which you should go over with your Mortgage Broker the day before closing). How to find Bill Pfrommer: [email protected] Want more? Our New Home Buyers Guide will walk you through all 9 steps of the home buying process. Get them at https://www.newhomebuyersguide.net Learn more about Shine: Our Site - http://www.shineinsurance.com Our Blog - http://www.shineinsure.com/blog Our Podcast - http://www.scratchentrepreneur.com
Views: 12238 Shine Insurance
Appraised or Assessed Home Value - What's The Difference?
 
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Assessed value or appraised value. What's the difference? Why does it matter? It definitely matters. And the problem is that many people get the two confused. Here's the breakdown. An assessment is the value placed on a property by your city or town government. That value is used to determine only the property tax. An appraisal is the value determined by an appraiser in order to sell your home. So why do the 2 values end up being different? An assessment is performed by a city or town over a 4-12 month period by a team of qualified assistants after viewing properties and interviewing owners. They combine the values of all the homes in a city or town to calculate the tax rate. They may recalculate the rate each year. But they don't necessarily do an assessment each year because it's too expensive. An appraisal, however is based on current market values. An appraiser will use recently sold prices of similar comparable properties to determine the current market value. An appraisal takes a snapshot in time of your home's value, an is only valid for 90 days because the market keeps changing. To recap: An assessment is for your taxes. An appraisal is the current market value of your home. www.GlobalPropertySystems.com 845-848-2218
Real Estate Values - How To Pull Accurate Real Estate Comps - REIClub.com
 
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http://www.REIClub.com Having Accurate Real Estate Comps Will Save You Money. Here Are A Few Tips on How To Pull Accurate Real Estate Comparables... SUBSCRIBE TO OUR YOUTUBE CHANNEL http://www.youtube.com/subscription_center?add_user=reiclub SUBSCRIBE TO OUR FREE NEWSLETTER https://www.reiclub.com/real-estate-newsletter.php LET’S CONNECT http://www.facebook.com/reiclub http://twitter.com/reiclub https://plus.google.com/+reiclub http://www.pinterest.com/realestateclub/ Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got a quick video on how to pull accurate real estate comps for properties you are trying to sell. Importance of accurate real estate values? Comps, or comparables, are regarded as one of the single-best tools in determining a home's value. and sadly, that being said, not many investors know how to do it correctly. Its a common mistake for real estate investors to focus on one resource to pull their comps, whether it be a realtor, Zillow, Trulia, it's important for you to remember these are just references. For Example: - over-evaluate - YOU over-pay - under-evaluate - YOU lose money You still have to consider: - condition of your home - condition of competition - bought and sold in the last 90-180 days - type of real estate - lease option, short sale, wholesale, etc Real Estate Comps For Sale Properties - Local tax appraisal - good free reference - Service Companies - paid websites - send you reports - Court House searches - disclosures - texas = non-disclosure - Newspaper Listings - sometimes - Master the Area - Familiarize yourself with a specific zip code, or mapsco area. - Call owners of other properties for sale in area - Realtor/MLS - properties bought and sold in the past 90-180 days (Zip) - same criteria - Property type - house vs. duplex - same neighborhood - adjacent streets can differ in value quite a bit - $$$/sq. foot - compared to average of comps - # of beds and bath - age and style of home - 1 or 2 stories - condition of home - lot size - backyard - amenities - pool, storage house, etc.. - looking for average values - mls automatically does this - drive-by - if a competing property is similar in almost every way, but differs in price, you should check it out in person to see why - the yard - landscaping - exterior - paint and general repair - traffic and noise - by a street or not - garage or covered Note: Beware of comps pulled by some realtors. Unless you tell them exactly what you are looking for they may pull comps that benefit them more than you. Calculating Sales Price: After removing all inaccurate comps, take the remaining properties, average their $/sq.ft and multiply that number by the total sq.ft of the property you are interested in. This will be a good starting baseline. You might need to adjust based on your assessments of other 'for sale' properties in the area. Sites: - Zillow.com - not very accurate - Realtor.com - Yahoo Real Estate - Loopnet.com - commercial - RedFin Before any real estate transaction, you must be able to pull accurate real estate comps. This is how you avoid the common mistakes most first-time real estate investors make. Real Estate values change all the time, what may have been 3 month ago may not be the same today. Before making a high dollar investment it's important that you utilize all the free resources out there. Get your numbers straight, because you really can't afford too many mistakes. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing. http://www.youtube.com/watch?v=Gv0WsdEXU9g "REIClubRealEstateInvesting"
Views: 58471 reiclub
Low Appraisal When Buying a House - Here's What To Do
 
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Doug Goerss (of http://www.BarbGoerssHomeSales.com) discusses what to do when buying a house and your mortgage company has an appraisal done that comes in LOWER than price you wan to buy it for. Doug gives a real-world example of a buyer he worked with in the Twin Cities real estate market, in Minnesota. Doug and Barb Goerss have been practicing real estate full time in the Twin Cities real estate market for the last 32 years. Team Phone - 651-464-1179
Views: 9158 BarbGoerssTeam
Appraised Value vs. Market Value
 
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What is the difference between the appraised value of your home versus the market value?
Views: 1153 Marc George
Real Estate Appraisal 101-House Appraisals and Common Appraisal Questions
 
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http://millythemortgageguy.com As we all know and feel, the mortgage industry is flooded with mystery, mis-information and confusion. There probably is not one part of the mortgage business that has more confusion than the real estate appraisal and/or the guidelines and laws surrounding the evaluation of a piece of property. In today's installment Milly gives us the "411" on how real estate appraisals work, how a value is derived and why appraisers do what they do to get that final opinion of value. Another important set of tips that Milly shares with homeowners is what they need to do keep their value as high as possible and how to invest their money properly into their home. We hope you enjoy today's installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don't hesitate to hit that MILLY button!! Feel free to share or re-post this video. www.millythemortgageguy.com [email protected]
Views: 4526 MillyTheMortgageGuy
Buyers: What To Do When Real Estate Property Appraisals Come In Too High or Low - REIClub.com
 
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http://www.REIClub.com If Your Real Estate Property Appraisal Comes In Too High or Low, Here's What To Do... SUBSCRIBE TO OUR YOUTUBE CHANNEL http://www.youtube.com/subscription_center?add_user=reiclub SUBSCRIBE TO OUR FREE NEWSLETTER https://www.reiclub.com/real-estate-newsletter.php LET’S CONNECT http://www.facebook.com/reiclub http://twitter.com/reiclub https://plus.google.com/+reiclub http://www.pinterest.com/realestateclub/ As a buyer, working with a lender, you're going to be dealing with appraisals. It's the only way the bank or lender knows what the property is actually worth. But on the rare occasion when the appraisal comes in too LOW or too HIGH, what do you do? Now in most cases, appraisals will come in either a few hundred, or a $1-2 thousand dollars over or under the list price. Basically not enough to mess up the deal. But on a recent deal of mine, the appraisal came in almost $50K lower than the list price. Now as a buyer, that's a good and bad thing. It's good because you could essentially get a massive discount. OR It's Bad because most sellers aren't prepared to sell when it comes in that low, and will try to negotiate a value above the appraisal. And your lenders WILL back out because they are potentially funding an over-leveraged property. So unless the seller is willing to come down to the appraised price, or you are willing to bring more money to the table at closing, Your lender will back out... So you need to decide... How bad do you want the deal? Are you willing to negotiate? What's your bottom line? Are you willing to walk away? In most cases we would suggest not paying over the appraisal. It overleverages you, and in most cases it's risky. When the appraisal comes in much HIGHER than the list price, that means you probably got a good deal. But you can't loan against the equity, or have your closing costs covered by it because your LTV is based on the lower of the sale price or the appraised value. Down the road, when you sell your home or when you refinance your home, is when you will be able to take advantage of the additional equity. https://youtu.be/YIqRxq7tzKw "REIClubRealEstateInvesting"
Views: 10298 reiclub
property-value-tax-assesment-appraisal-board-review-Michigan
 
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A change for property value and taxable value was mailed out last month. The form comes stating "This is NOT a Bill" in bold letters at the top of the page. Also included on this form are the dates for the next assessors meeting and board of review meeting. You'll need to go to one of these meetings to protest your property tax and SEV evaluation and assessment. After the meeting, the board will review your information and mail a decision. More than likely the board will refuse any changes reflecting lower taxes, but would be happy to raise taxes. In order to appeal your case to the state, you are required to carry proof of the board meeting. By the time your property taxes are due, it will be too late to request any changes or explanations. Don't get caught in the dark, and give your city counsel a simple, "it's too late", way out of working with you. Stand strong regardless of the outcome and stick by your guns. It's your property, your money, and your blood and sweat! Banks will tell you your property is worth less to avoid borrowing you money and property tax board of review will tell you its worth more to avoid saving you money. Appreciate yourself for who you are, not based on what you have. Work to live, not live to work. Live Your Live to the fullest! Blessings
Views: 741 Jim Shaw
Appraised Value vs. Price of the Property
 
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This clip is an excerpt from The Appraisal Foundation's production of "What Every Homebuyer Should Know About an Appraisal" presented in cooperation with Manna, Inc., Washington, DC. This video was produced as part of a free module for use in homebuyer education classes around the country. For more information on the module, which includes a Trainer's Guide, a PowerPoint Presentation and other information, please contact Paula Douglas Seidel, [email protected] The Appraisal Foundation offers special thanks to the Board and Staff of Manna, Inc., Washington, DC, for their assistance in the filming of this video. Additional Resources: The Appraisal Foundation: www.appraisalfoundation.org The Appraisal Foundation Consumer Resources: https://netforum.avectra.com/eWeb/DynamicPage.aspx?Site=TAF&WebCode=conres Manna, Inc.: www.mannadc.org
Tax Assessed vs Appraised vs Real Market Value
 
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In this video the differences between property tax assessed, appraised and real estate market are explained. http://www.honoluluhi5.com 808-943-9000 Honolulu HI 5 LLC 1833 Kalakaua Ave #207 Honolulu HI 96815
Views: 2800 Hawaii Living
5 Tips to Make the Most of Your Real Estate Appraisal
 
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www.BiggerPockets.com - Your house is under contract and your just about to the closing table - you've just got one step left... The appraisal!
Views: 11968 BiggerPockets
Should I Pay More Than The Appraised Value of The House?
 
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In this video I address a common question: Should I pay more money for the house than the appraised value? You will learn why this is NOT an easy question. Contact me at http://www.tampa2enjoy.com/contact-us/ With it being a seller's market in Tampa Bay home buyers need to make this decision more than you might think. It's not an easy question to answer because it depends on why you are buying the home and how long you plan on living in the home. If it's a rental property and you can get what you need for rent and it will rent out VERY fast, the answer might be YES - pay more money than the appraised value. If it is I primary home for you and your family and you will be living there for many years the answer may be YES. You will have to make the decision what YOU want to do. Check you this video to learn more information. Please contact me if you have any questions. Sincerely, Lance Mohr Mohr Home Group at Keller Williams 813-317-4009 http://www.tampa2enjoy.com https://www.youtube.com/tampa2enjoy
Views: 731 Lance Mohr
What is APPRAISED VALUE? What does APPRAISED VALUE mean? APPRAISED VALUE meaning & explanation
 
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What is APPRAISED VALUE? What does APPRAISED VALUE mean? APPRAISED VALUE meaning - APPRAISED VALUE definition - APPRAISED VALUE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An appraised value (United States) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution. When obtaining a mortgage, the funding lender relies on the standardized valuation methods of an appraiser to assess a monetary value for the specific piece of real property on which a loan will be secured (e.g. a residence). The lender will then justify the loan amount (and other risk-based pricing) factors as a percentage of the appraised value of the property. Appraised values can also be made after a property sale. For example, home owners wishing to gain access to their increased equity in their home may obtain a mortgage valuation to prove its value has risen and thus justify increasing the amount of their mortgage. Also, the various states of Australia each have a Valuer-General's Department, which regularly assess land values in all municipalities and shires for the purpose of issuing property tax notices. A low appraised value will affect a buyer's ability to purchase a property. This is because the loan amount would seem too high with respect to the value. Unless the buyer can come up with the difference, the buyer will unlikely be able to qualify for the loan. Fraud in appraisal happens during both upturn and downturn markets. When a homeowner is looking to refinance their home, the appraiser is sometimes under pressure to overvalue the home to make the refinancing more attractive.
Views: 723 The Audiopedia
Closing Disclosure: Sales Price, Appraised or Estimated Property Value – Which One Is It?
 
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https://store.bankerscompliance.com/link/BCCCD1-19 Sales price, appraised property value, estimated property value – which one is it? That’s one of the many questions we get when we cover the closing disclosure requirements. We’re going to cover that in a little bit of detail here today. Let’s talk sales price first. What makes something sales price when we’re talking about TRID? In order to be able to use sales price, you have to have a loan that’s being secured with dirt that’s being purchased with those loan proceeds. Then it’s simple. Once we’ve figured out we have dirt that’s being purchased with the loan proceeds that are in front of us, then we look to the contract sales price. That is, in fact, the number that you will use for the sales price. Appraised property value – we get a lot of questions on this. It’s somewhat of a gray area, so we’ve tried to make it more specific as we’ve moved forward. You may have heard us in prior years in a webinar give a little bit different answer but here’s where we stand today with the appraised property value. First, you have to have acknowledged that it’s not a purchase. In other words, there’s no dirt securing the loan that’s being purchased with these loan proceeds. That eliminates sales price. We’re then able to move onto “All right, do we have an appraised property value that we’re looking at?”, and this one’s pretty straight forward too. Our take now is that if you are relying on a certified and licensed appraiser that has put together an appraisal, that’s what you’ll use for the appraised property value. If you’re going, “Well, we didn’t do a certified licensed appraiser or appraisal, we just did an evaluation.” Maybe internally, externally, but it’s just an evaluation. Then we would move on to estimated property value. The word that I would tie to this one is what are you planning or what did you use for underwriting? The same could be associated with the appraised property value too, but you’d want to use the appraised number from a certified licensed appraiser. So, it’s not the sales price. It’s not appraised property value. We go back to its estimated property value. What did you use for underwriting? That’s what gets disclosed. I want to throw one more thing out here. TRID 2.0 brought another thing to the table that said, “When you’re using estimated property value, if there are any improvements that are going to be made yet not completed to the property that secures your loan, and you’re going to use the value of those improvements that are yet to be made when you do your underwriting, you have to include the value of improvements in the estimated property value.” This is just one of the many things that we’re going to be covering in the upcoming webinar, TRID: How to Complete the Closing Disclosure. Line by line, our team walks your team through in a plain English translation of how to complete the closing disclosure. Get registered today to reserve your seat. Thanks.
Tax Assessed Value VS. Fair Market Value
 
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http://TaxSaleAcademy.com A lot of investors use the tax assessed value as an easy way to determine if they should buy a property or not. Is it really that easy or not? Watch this video to get the details on how to use the tax assessed value. ⬇️ Helpful Resources ⬇️ State Guide: Live: http://TaxSaleAcademy.com/state-guide Get your FREE copy of Tax Sale Playbook by going to: http://TaxSaleAcademy.com Want to learn How to Buy, Sell & Profit from Tax Defaulted Real Estate . . . Without Needing Lots of Experience, Money or a license? Signup for our on demand and completely FREE webclass at http://TaxSaleInvesting.com Ready to jump right and get the most comprehensive tax sale investing training available? Head to http://TaxSaleAcademy.com/join Listen to podcasts? Take us on the go at http://TaxSalePodcast.com ------------------------------ Let's Connect! http://CaseyDenman.com Connect on LinkedIn: http://www.linkedin.com/in/caseydenman/ Follow us on Facebook: http://Facebook.com/TheTaxSaleAcademy Follow Me on Instagram: http://Instagram.com/caseydenman
Views: 1126 Tax Sale Academy
Market Value VS Appraised Value - Tarrant Appraisal District
 
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Chandler on the difference between Market Value and Appraised Value as defined by the Tarrant County Appraisal District Get help protesting at www.FreeTaxProtest.com
How to increase the appraisal value of your home
 
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http://www.dreamwellhomes.com/contact/ How do appraisals work? Get appraisal questions answered such as how do appraisers select comps? How to increase the value of my home? What are my options if the home appraisal is less than the purchase price? How to prepare for an appraisal? How does the appraisal process work? Selling a home and navigating the appraisal process could be a little easier when you seek the right help. Contact us by filling out the form provided in the link below , we can help! http://www.dreamwellhomes.com/ https://www.dreamwellhomes.com/selling-a-home-could-be-a-little-easier-when-you-seek-the-right-help-contact-us-we-can-help/ Here at DreamWell Homes, we connect amazing buyers and sellers with great agents. For a text transcript of this video on appraisal, please visit http://www.dreamwellhomes.com/appraisal
Views: 23628 DreamWell Homes
Secrets of a 48-Hour Home Appraisal Makeover
 
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One expert helps a family increase the value of their home by the tens of thousands.
Views: 20573 ABC News
How Do Appraisers Calculate Home Values? (301) 960-8681
 
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Have you ever wondered how real estate appraisers determine the value of a property? In this video, we explain the strategies appraisers use to determine property values in your market area (such as Maryland, Virginia, or Washington D.C.) when they perform a real estate appraisals. Website: www.cliffroseappraisals.com Phone: (301) 960-8681 Email: [email protected]
Secrets of a Real Estate Appraisal - Firehill University
 
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Inside Secrets of a Real Estate Appraisal. What is an appraisal? How is an appraisal calculated? How can I make sure my appraisal will be correct? What can I do if my appraisal is incorrect? I will answer these questions and expose some common misconceptions about what constitutes value in an appraisal. Myths busted! Forest Selby Master Agitator and Problem Solver Director of Intensity, The Firehill Group of Pearson Smith Realty The Professor, Firehill University Call me: (540) 822-0873 Email: [email protected] http://www.firehillgroup.com http://www.facebook.com/firehillgroup http://twitter.com/forestselby Personal Blog: http://www.ruggedizeyourlife.com real estate appraisal secrets secrets of real estate appraisals secrets of house appraisals myths of home appraisals real estate appraisal myth secrets of home appraisals
Save Me Steve: Protesting Property Tax Appraisals
 
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Your appraised property value either just arrived or is on its way. And that means some people may choose to protest the value of their homes to keep their taxes down. Consumer reporter Steve Noviello has tips for the best way to do that.
REFI: Does My Refinance Appraisal Affect My Property Value?
 
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A new home loan requires a new appraisal. But does your refi appraisal affect your property taxes? Sindeo's senior mortgage expert, Skip, gives the answer.
Views: 1181 Sindeo
Paying Over Appraised Value??
 
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Ever had one of your FHA buyers lose out on a property they loved, to a conventional buyer willing to pay 5k above appraised value? Or maybe didn't even take your client to see a property because the remarks in the MLS say "cash or conventional only." Our in house renovation loan eliminates all of these problems. Loan Depot will finance up to 110% of the appraised value with just 3.5% down, as long as the renovations, or additions, add value to the property. You can finance upgrades such as carpet & paint, new appliances, new counter tops, making that unpermitted room permitted, and various other upgrades. This is not a 203k loan with a 45% DTI cap, and does not require the contractor to be FHA certified. As long as we have DU approval we are good to go! Just another way my team can help you and your business grow...
Views: 52 Taylor Loop
Northern Texas Real Estate Agent: Appraised value vs. fair market value
 
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If you're selling a house, the appraised value, assessed value, and fair market value all come into play. What's the difference between them? Which has the biggest impact on you and your bottom line? I'll address all these questions about home values today. To learn more, watch my latest video. http://anastasiariley.blogspot.com/2017/03/northern-texas-real-estate-agent.html Buying a home? Check out our free home search: http://www.searchnorthdallasareahomes... Selling a home? Check out our free home value report: http://www.searchnorthdallasareahomes... Anastasia Riley Ebby Halliday Realtors 1415 Legacy Drive Ste. 100 Frisco, TX 75034 972-984-0511 [email protected] AnastasiaRiley.com Transcription: When it comes to the value of a home, what's the difference between the appraised value and the fair market value? Fair market value is basically defined as the most probable price a buyer is willing to pay and a seller is willing to accept for their home under the current market conditions. Appraised value is the value of a property in the opinion of a single appraiser. In most cases, appraisals are ordered by a lending institution when a house is purchased. It allows them to justify the amount of the loan that the borrower is seeking. We'll talk later about what happens if the appraisal comes in below the sales price. Both concepts differ from a property's assessed value. The assessed value of a property is primarily for determining property taxes. Texas is a non-disclosure state, meaning that properties sold aren't publicly recorded. Our local county appraisal district assesses property values annually using mass appraisal methods instead of evaluating each home independently. These mass appraisals evaluate a particular market area and take the average area appreciation and depreciation and apply it to every property in the group. A Texas county appraisal district may not increase the assessed value of a homestead by more than 10% in a given tax year. This is another important topic I'll cover in an upcoming video. I'll also touch on why many assessed values vary so dramatically from their appraised or fair market values. These are complicated topics, so if you have any questions or you'd like me to clarify any of these points, feel free to give me a call or send me an email. I'd be happy to help!
Property owners protest new appraised values
 
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BEAUMONT - by Lauren Huet Some homeowners and business owners are protesting the appraised value of their home or business. Protest hearings in front of the appraisal review board began Thursday, and will continue through July 20th. One small business owner says she won't be able to afford the property taxes on her business's new appraised value. Thuy Truong owns Nails by Tweety off Highway 105 in Beaumont. She built the shop in 2003. Truong says she couldn't afford an architect, so she drew the blue prints herself and hired a contractor. Last year, her property was appraised at 69 thousand dollars. She was shocked when she got notice of its new appraised value this year. "200 thousand dollars versus 69 thousand dollars last year," said Truong. "So, basically they tripled it." Meaning a substantial increase in property taxes, so she went to the county. "They'll reduce it down to 125 thousand and I still did not agree with that, because this property is over ten years [old] and I have never done anything to improve inside or the outside." Truong protested to the appraisal review board Thursday. She showed pictures of her damaged ceiling and cracked parking lot. The review board listened to Truong and put her case on hold while waiting for new information. The appraisal district looked at her evidence and reduced her property's value to about 114 thousand. "The board will hear both sides of the protest, ours and the taxpayer's, and make a decision based on the preponderance of believable evidence presented," said Roland Bieber, the Chief Appraiser for the Jefferson County Appraisal Office. Bieber says property values increased 4 to 5 percent this year in Jefferson County. "Most of it is going to be market driven. The market is coming back," said Bieber. "When the market fell we reduced property values. Statistically, about 55 thousand of the 85 thousand homes in jefferson county stayed the same. About 17 thousand went up and the balance went down." He encourages those who would like to protest their property's appraised value to bring evidence to the hearing. "Bring pictures, pictures speak a whole bunch. Take pictures, if you've got a cracked slab, if you've got some areas of your home that are settling, if you've got rotted wood in your home, take pictures of it," said Bieber. Truong will have another hearing in a few weeks. She hopes the value is brought back down to 69 thousand. "I have 3 boys that I raise all by myself, and I try to be self sufficient, and not depend on the government, and not depend on anybody else," said Truong. Something she hopes to continue doing at her business.
Views: 308 KFDM YouTube
Property owners protest new appraised values
 
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BEAUMONT - by Lauren Huet Some homeowners and business owners are protesting the appraised value of their home or business. Protest hearings in front of the appraisal review board began Thursday, and will continue through July 20th. One small business owner says she won't be able to afford the property taxes on her business's new appraised value. Thuy Truong owns Nails by Tweety off Highway 105 in Beaumont. She built the shop in 2003. Truong says she couldn't afford an architect, so she drew the blue prints herself and hired a contractor. Last year, her property was appraised at 69 thousand dollars. She was shocked when she got notice of its new appraised value this year. "200 thousand dollars versus 69 thousand dollars last year," said Truong. "So, basically they tripled it." Meaning a substantial increase in property taxes, so she went to the county. "They'll reduce it down to 125 thousand and I still did not agree with that, because this property is over ten years [old] and I have never done anything to improve inside or the outside." Truong protested to the appraisal review board Thursday. She showed pictures of her damaged ceiling and cracked parking lot. The review board listened to Truong and put her case on hold while waiting for new information. The appraisal district looked at her evidence and reduced her property's value to about 114 thousand. "The board will hear both sides of the protest, ours and the taxpayer's, and make a decision based on the preponderance of believable evidence presented," said Roland Bieber, the Chief Appraiser for the Jefferson County Appraisal Office. Bieber says property values increased 4 to 5 percent this year in Jefferson County. "Most of it is going to be market driven. The market is coming back," said Bieber. "When the market fell we reduced property values. Statistically, about 55 thousand of the 85 thousand homes in jefferson county stayed the same. About 17 thousand went up and the balance went down." He encourages those who would like to protest their property's appraised value to bring evidence to the hearing. "Bring pictures, pictures speak a whole bunch. Take pictures, if you've got a cracked slab, if you've got some areas of your home that are settling, if you've got rotted wood in your home, take pictures of it," said Bieber. Truong will have another hearing in a few weeks. She hopes the value is brought back down to 69 thousand. "I have 3 boys that I raise all by myself, and I try to be self sufficient, and not depend on the government, and not depend on anybody else," said Truong. Something she hopes to continue doing at her business.
Views: 192 Fox Beaumont
Here Are Two Easy Ways To Value Land
 
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http://REtipster.com/valueofland Finding the market value of vacant land can be an extremely challenging task. Let me take you through a couple of the steps I use to nail down a reasonably accurate and depending value for a parcel of land. This approach is far from perfect (for obvious reasons), but it does inform you of what kind of competition you're dealing with (and what those sellers are expecting to get out of their property). In other words -- if you were to list your property for sale today, what other competitors would you have to stand out against? Take a minute and do the math. Once you understand what price your property will have to be listed for in order to look like the best deal on the market, this will give you a better perspective for the property's potential value in contrast to the current market (because if you're offering the best deal, it will theoretically be the first one to sell). You can also call 2 or 3 Local Real Estate Agents and Ask Their Opinion. This isn't a foolproof method, but it does help to "tell the story" of what your subject property may be likely to sell for. When I call local real estate agents, I've found it can be helpful to say something like this: "Suppose I owned this property free and clear and I wanted to list it for sale with you today. What price would I have to list it for if we wanted this thing SOLD within the next 6 months?" This kind of statement tells the agent a couple of things: 1. You're looking for a realistic idea of what it will take to sell this property quickly. 2. You're serious about getting this thing sold. 3. You want some honest answers. 4. If this agent helps you -- you may actually be willing to hire them for the job! This will encourage them to give your the time of day and offer up some legitimate answers. As you're having these conversations, pay close attention to the prices they suggest. If they throw out some numbers that clearly aren't going to work for you, now is the time to figure that out (instead of after you've already bought the thing). My primary warning would be this: Don't put too much faith in any ONE agent's opinion. There are a lot of clueless real estate agents out there (especially when it comes to vacant land), so if you're going to go through this exercise, make sure you're getting input from at least 2 or 3 people (the more the merrier). #retipster #sethwilliams #landinvesting #realestateinvesting #realestate
Views: 12042 REtipster
Investment Appraisal - Calculating Net Present Value
 
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The basics of how to calculate present value and net present value are explained in this short revision video.
Views: 71548 tutor2u
How to Successfully Protest your Texas Property Taxes
 
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Blown away by your 2016 notice of appraised value? Many Austin-area homeowners saw significant jumps this year. Your home's appraised value determines the annual property tax owed. The burden of proving an increased value is on the appraisal district. I created this video to help you navigate the process and be successful in lowering your appraised value and paying less taxes. For up to date information please read my April 2018 blog with updated tips on how to be successful at your protest: https://www.homesalesaustintexas.com/10-tips-for-a-successful-2018-tax-protest/ Here are the links to appraisal districts where you can look up values of nearby homes: Travis County: http://www.traviscad.org/property_search.html Williamson County: http://search.wcad.org/ Hays County: http://propertysearch.hayscad.com/Appraisal/PublicAccess/PropertySearch.aspx?PropertySearchType=1&SelectedItem=10&PropertyID=&PropertyOwnerID=&NodeID=11 If the property you live in is your primary residence, be sure you have filed a homestead exemption to lower your taxes (the appraised value for a homestead property cannot increase more than 10% per year). Learn about over 65, Disability and other exemptions: http://www.traviscad.org/faq_exemptions.html Prefer to hire someone to handle your property taxes? Here are some contacts for that and I recommend contacting them early as they get booked: Laura Casey http://www.llcasey.com/laura-casey.html Five Stone Tax http://www.fivestonetax.com/ Texas Pro Tax http://texasprotax.com/ Did my tips help you out? I'd love for you comment below on how your hearing went. Best of luck! An Austin resident since 1978, I have been a licensed Realtor in Austin, Texas since 2003. I partnered with my mother and former real estate agent, Judy DeWitt, from 2003 - 2014 (thus the name Family Pair of my website) and we have helped hundreds of clients. I welcome you to browse my stellar client reviews on Yelp or Facebook. You can contact me at [email protected] or (512) 773-3214. http://www.homesalesaustintexas.com/ https://www.facebook.com/wellsbranchrealestate?ref=hl http://www.yelp.com/biz/tammy-dewitt-le-horizon-realty-austin-austin Kudos to my amazing daughter who filmed and edited this video. I could not have made it without her!
The Kody Watts Team: Distinguishing Between a Property’s Appraised and Market Values
 
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In the home buying and selling process, you’ll need to be aware of two variations of a property’s value: its appraised value and its market value. But how do these differ, and how can they affect a consumer’s position in the market? Learn more:
Views: 13 Kody Watts
How to boost your appraisal value on your investment property.
 
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Here are some tips to follow to increase your property value before the appraisal, during the appraisal and after the appraisal (if you are not happy with the results)
Views: 84 René Masse
#DailyREIA Episode 030 - How to Appraise a House Part 1
 
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This is Part 1 of a series on appraisals. Bruce Glenn​ was kind enough to let us follow him around to learn how an appraiser determines value. This first video is about how to measure square footage.
Views: 2559 REI LIVE
Appraised Value vs Selling Price
 
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Hey Guys, do you know there is a difference between appraised value and selling price?!? Appraised Value is not necessarily the price the property will be bought and sold for... its rather a guide line or opinion in the process of buying or selling real estate. Who provides appraised value • Appraisers for refinancing your current home and lending on a purchase. • Appraisers are sometimes used to evaluate a home for legal reasons like the beginning or end or a personal or business partnership • I provide appraised value everyday, every time I am invited to someone’s home or someone asks me what that house is worth. I am providing appraised value. The key is to remember appraised value is strictly an opinion of current market conditions. Until a property makes it to market, and a buyer successfully makes an offer, fulfills the obligation of that contract we do not have market value… Market value or selling price is simply that, its where a seller and buyer under no undue pressure make agreement Have you had an appraisal done, were you happy or unhappy with it, do you have questions about it. If you do want to review your appraisal, or what to do if you are unhappy with a current appraisal feel free to book sometime with me to discuss. Have a great day and I look forward to talking with you soon!
Views: 97 Brandon Schmidt
How to value land.
 
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Real estate valuation expert Davis Hsu details how to determine the value of a piece of land.
Views: 11683 Jack Burns
Prepare for your property appraisal
 
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Start making a list of home improvments you have done and attach a cost to them. Be sure to leave that list on the counter for the appraiser when they come to your home. If it can help bump the value of your home don;t lets your blood sweat and tears do to waste! www.PeteLaver.com
Views: 10227 Pete Laver
Negotiating an Offer When the Appraisal Comes in Low - Kevin Ward
 
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Go to http://YesMasters.com For more killer training videos for REALTORS who want more Yes's and more Successes in their business and in their life! From Kevin Ward, international real estate trainer, speaker, and coach. In this video, Kevin discusses what to do when your are the Buyers Agent representing the buyer and the appraisal comes in too low. The key is negotiating in a way that is honest and fair and yet gives your client the maximum leverage to get them the best terms and price. When you negotiate a contract always communicate promptly and do not drop a bomb shell on anyone without warning. No one likes surprises. Also, you want to work toward something that feels like a win/win outcome for all parties. The most important thing to keep in mind is that you want to make deals work, not fail. And you want your clients to feel good at the end about the outcome. Follow Kevin Online Here: Instagram: http://instagram.com/kevinwardnow Facebook: http://facebook.com/kevinwardpage Snapchat: https://www.snapchat.com/add/kevinwardnow Website: http://YesMasters.com Soundcloud: https://soundcloud.com/kevinwardnow/ Twitter: http://twitter.com/kevinwardnow Medium: http://medium.com/@kevinward YesMasters Real Estate Success Training: http://YesMasters.com Podcast: Listen to Kevin’s “YESTalk” on iTunes: http://bit.ly/1z6Hx7L FOR NEW AGENTS: http://AgentPowerLaunch.com If this video helps you, please LIKE, COMMENT & SHARE. Hit SUBSCRIBE to get notices of new videos and training!
CMA vs Appraisal - What's The Difference?
 
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https://MetroAtlantaHome.com - Comparing CMA's and Appraisals for determining Residential Real Estate values. What is a CMA? What is an Appraisal? Covering the costs, accuracy, who performs them and a few things you may want to consider before getting either of them. Learn the difference in the two as we take a closer look at the similarities and differences. Full Video Description: I'll begin by briefly explaining what a CMA is, a CMA (or Comparative Market Analysis) is simply an estimation of a home's current market value, more importantly, what a Buyer would be willing to pay for it. A CMA is typically done by a Real Estate agent, usually before listing a home for sale to determine a suitable list price. Value is determined by comparing a subject property to 4 or 5 recently sold homes in the immediate area. Adjustments are made to compensate for differences in size, beds, bath, condition, and so on. Determination of value is subjective, and the more uniform a community is the easier it is to determine value because less adjustments need to be made. Now to explain what an appraisal is. An appraisal is a formal determination of value done by a certified appraiser for a fee. If a buyer is seeking a loan to purchase a home, an appraisal is almost always required by the bank to insure the home in which secures the loan, has sufficient value. For non-investment residential appraisals, the Appraiser typically uses detailed market data along with comparable properties to make their determination of value. They may also use a cost approach to estimate replacement or reproduction costs in which they would add in the estimated value of the land to determine the total value of the property. Banks will loan the borrower a percentage of the purchase price up to the appraised value of the home, therefore Appraisals are very important in the purchase of a home, and can make or break a deal. This video brought to you by: Better Homes and Gardens Real Estate Metro Brokers KYLE EAVES, REALTOR® ePro I Green I SFR I SRES 4073 Lavista Rd, Suite 373 Atlanta, GA. 30084 404.843.2500 (Office) 404.513.5987 (Cell) [email protected]
Factors Affecting Fulton County Property Tax Appraisal Values 404-618-0355
 
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http://www.Fair-Assessments.com 404-618-0355 Qualities of a Property are one of the many factors that can affect the Fulton County Property Tax Appraisal value. We are a property tax reduction firm in Atlanta, Georgia. Saving property owner's money is our primary goal. If you need further assistance, get in touch with us for a free consultation. 404-618-0355 http://www.fair-assessments.com/ https://www.facebook.com/FairAssessments https://plus.google.com/+Fair-assessments/posts http://www.fair-assessments.com/blog https://www.youtube.com/watch?v=MFCqJTCtucc fulton county property tax Clayton, Atlanta tax assessment dekalb county property tax 404-618-0355 gwinnett county property tax Tricks for Fulton County Property Tax Reduction property tax Cobb County Tax Assessor atlanta property tax reduction Cobb County Tax Assessment Cobb County Tax Appeal georgia property tax Clayton County Commercial Property Tax property tax assessment Fulton Property Tax Appeal Filed Online Gwinnett County Property Tax Out of Line gwinnett property tax tax reduction firm atlanta georgia tax appeal deadline save money from tax high property tax rate high real estate tax lower your property tax tax assessment tax assessor Clayton County Commercial Property Tax Appeals Atlanta fulton county property taxes
Notices of appraised value 2014 - The Woodlands, TX
 
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Ivan Arjona 713-504-8260 [email protected]ivanarjona.com Natalia Arjona 713-628-6061 [email protected] Realtors RE/MAX The Woodlands & Spring - Top 20 RE/MAX Agent in Texas If you own a home in The Woodlands or surrounding areas this information is very important. Every year around this time the Harris and Montgomery county appraisal districts send a notice of appraised value subject to property taxes. Harris County (Creekside Park) sent its notice in the past two weeks and Montgomery County on April 21. This valuation determines the cost of your property taxes for 2014. It is important to verify that if you live in the property as your primary residence and qualify for the homestead exemption this deduction is reflected in the notice. Local tax law states that when the property is occupied as a primary residence an increase in taxable value is limited to 10% annually . Individuals over 65 years of age, disabled and military veterans are also entitled to reductions and limitations on the taxable value of a property. The notice entitled "Notice of Appraised Value" also states a "Total Market Value" which does not reflect the true amount that the property would sell for if it went on the real estate market. This value is usually much lower than a mortgage lender's appraisal for purposes of purchase or refinancing a property. If you disagree with the taxable value that is assigned to your property, you have the right to request a hearing to protest the new amount. The form required to request a hearing is attached to the notification and can also be found online in case that you did not receive it by mail or are out of town . This year the deadline for requesting a hearing is May 31st. Once the application is received you will be notified by mail of the date and time that you must appear for a hearing. About the hearing : Generally the waits are long . Be prepared and patient. If the property was acquired last year at a lower value than assigned you should bring a copy of the final HUD closing statement. If you estimate that sales in your neighborhood would justify a lower value, then you should be prepared to present these comparable addresses for the appraisal district to consider. If you have any questions about the appraisal value or the process required to protest a property tax increase please feel free to call, text or email us directly and we will gladly answer your questions. For more information you can also visit : www.hcad.org - www.mcad - tx.org
Views: 665 thewoodlandshomes
How to appraise a House.
 
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This video provides information on what a house appraisal is, how to appraise a house and why one is necessary in order to place a property on the open market. It explains why a bank requires a house appraisal and why it will not provide a loan unless there is an accurate appraisal on the property. An appraisal is usually acquired through a licensed house appraiser who will normally charge several hundred dollars for the service. A market analysis, which is similar to an appraisal, can usually be obtained through a realtor for free, although doing so usually requires you to list the house with the realtor. Another option is to appraise a house yourself. This video provides step by step instructions for completing a self-appraisal, using the same tools and methods which are utilized by professional appraisers in the industry. We will walk you through a full understanding of what an appraisal is and explain the trends which govern it as well as how fluctuating market conditions can influence an appraised amount. We will also show you where to find your house's square footage through tax records and what to do if that information is not available. You will also learn what amenities to list, how to obtain sold property information and how to cull sold properties based on comparables. Finally, you will be shown how to calculate your house's appraised value base on these criteria. You should then be able to appraise a house yourself. For more information about home appraisal and other topics related to real estate visit http://www.foreclosuredeals.com
Views: 16059 foreclosuredeals

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