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NOTE: Please scroll down to read the other topics in this long blog post on state appraisal boards, liability, appraiser insurance, price per sq.ft. Click here = Do I really have to report that state board issue to my E&O insurance? baths, 8,74t sq.ft., acres, built in 1902 Private island: When it sold in 2018 for $21.5
Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. Unexpected Expenses: Budget for possible repairs, inspections or legalfees that might arise during either transaction.
Expense Projections : Operating costs like property taxes, insurance, utilities, maintenance, and management fees are then subtracted to derive Net Operating Income (NOI). For example, property taxes might rise after a sale, or insurance premiums could spike in areas prone to natural disasters.
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