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How about that pest control service you used for your clients termite inspection? Agent advice and resources Redfin Housing market trends and reports, industry news, statistics, and downloadable graphs. Show how much youre in the know by being the one sharing local community events and information. Is a new restaurant coming to town?
The assessed value of your home is how much it is worth in the eyes of the tax agency in your municipality. The assessed value is used to calculate your propertytaxes. A lender might set up an escrow account where they hold money that goes toward your propertytax payments and homeowners insurance premiums.
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The legal issues or responsibilities, on the other hand, might involve situations where the property is co-inherited, for example, among siblings, and working together to find a common resolution becomes a nightmare. Tax liabilities: This can include federal estate taxes and propertytaxes. Download here.
Advise your buyer clients based on market knowledge Find out everything you can about the subject property, the neighborhood, the homeowners association and fees, the market trends in the area, propertytaxes, the average days on the market, the list-to-sell price ratio, and other pertinent details that could affect your client’s offer.
If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. Downloadable Guides. Click here to download the file. Click here to download the file. Municipalities often use FMV to determine the tax rate on a home. Refinance Guide.
Expense Projections : Operating costs like propertytaxes, insurance, utilities, maintenance, and management fees are then subtracted to derive Net Operating Income (NOI). For example, propertytaxes might rise after a sale, or insurance premiums could spike in areas prone to natural disasters.
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