Market Value Property Taxes Renovations 
Housing Wire
NOVEMBER 10, 2020
The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.
Housing Wire
FEBRUARY 21, 2023
The same analysis of 435,000 distressed property dispositions shows that 72% of properties that were renovated and resold after being purchased at foreclosure auction ended up in the hands of owner-occupants. By comparison, the retail REO sales sold for 73% of estimated “after-repair” market value.
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Cleveland Appraisal Blog
APRIL 21, 2022
Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.
Housing Wire
MAY 18, 2022
Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Not tax advice. Consult a tax professional. † This means that the homeowner (or their heirs) won’t owe more than the home is worth when the loan is repaid.
Realvals
JUNE 18, 2023
By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.
Birmingham Appraisal
JUNE 11, 2024
Example Benefits: A homeowner in Birmingham decided to get a marketing appraisal before listing her house. The owner had recently made some updates and renovations and wanted to make sure they got all of their money back from the investment. Cost does not always equal value.
Birmingham Appraisal
MAY 21, 2024
Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. Upgrades and Improvements When touring potential homes, take note of any upgrades and improvements.
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