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Download our checklist as a PDF below. Task 4: Market your open house Now that youre an expert on the home, its time to start marketing your open house. Use the information you gathered about the home to develop a hook for your open house marketing. Short on time?
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.
Assessed Value. 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. It can be less than the market or appraised value of your home. Fair MarketValue.
Downloadable Guides. Click here to download the file. Click here to download the file. FMV (Fair MarketValue). A home’s fair marketvalue or FMV is the price it would sell for under normal conditions. Municipalities often use FMV to determine the tax rate on a home. contact-form-7].
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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