Remove Information Remove Legal Remove Market Value
article thumbnail

9 tips for homebuyers in non-disclosure states

Housing Wire

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Comparables can help agents assess current market trends, and make informed decisions when it comes to a fair offer price.

article thumbnail

Selling your home to a family member in 5 easy steps

Housing Wire

A controlled transaction can be subject to tighter IRS scrutiny, especially if the property is sold below fair market value. However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Stranger than fiction: Eminent domain displacement

Housing Wire

Still, they seem particularly egregious when there is a low (or no) monetary offer because “just compensation” historically does not have to reflect the “fair market value.” This includes providing information about how decisions are made and on what basis. But why wait for collective, legislative reform?

Legal 467
article thumbnail

Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners. MARKET TRENDS. I hope you enjoyed that musical interlude!

article thumbnail

3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? That can have a big impact on market value.

Appraisal 353
article thumbnail

Georgia looks to protect residents from title theft with new law

Housing Wire

Georgia House Bill 1292 was enacted to ensure that the persons presenting electronic documents for recording provide identifying information, according to the state Legislature. Title theft occurs when a criminal impersonates a property owner and sells or takes out a second mortgage on the owners property.

Law 397
article thumbnail

How the title industry is addressing the negative effects of heirs’ property

Housing Wire

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Finally, in the case of multiple undocumented heirs, there is a risk of tax sale if the parties disagree on who is responsible for taxes and the obligation is not set out legally.

Legal 459