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HousingWire recently spoke with Jim Albeertelli, CEO of Voxtur, about the company’s r ecent acquisition and launch of an automated workflow management platform for the global market. HW: What are some of the current challenges regarding propertytax assessment?
Strategies to Appeal Your High PropertyTax Assessment As of May 24, 2024, the Jefferson County Board of Equalization protest period is open and runs until June 24, 2024. Let’s walk through the steps you can take to appeal your assessment and potentially lower your propertytaxes.
Before buying land, consider the market trends and pricing in the area, and conduct a cost-benefit analysis to determine if the land’s value is worth the investment. Before you purchase anything, consider the legal implications, including propertytaxes, zoning laws, environmental regulations, and permits required for your intended use.
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.
Since the onset of COVID, market data remains sparse for certain property types. Over the past two months, I’ve participated as a panel moderator or speaker on several commercial real estate webinars and live events with Bisnow, Minnesota Real Estate Journal (MREJ) , NAIOP , and Minnesota Real Estate Exchangors (MREE).
Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? Mitchell Simonson , Founder, Simonson Appraisals.
Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. What about propertytaxes and their effect on affordability? Agents in my market are largely optimistic. What happens if it only tops 15%?
As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their realproperty. Tax advantages. Buyers can claim propertytaxes, the value of improvement projects (i.e., Instead, you are paying these installments to the seller.
When I started in this business long ago, there was no such thing as a licensed appraiser or a certified realproperty appraiser. Very few AMC appraisers today want to do the marketing required or learn how to do them. I have lots and lots of marketing tips in my monthly newsletters. I understand.
In real estate transactions, the appraisal process is critical. It helps determine a property’s market value. An appraisal is an expert’s view of how much a property is worth. The expert looks at factors like location, condition, and nearby property sales. When Do You Need a Rebuttal Appraisal?
Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying realproperty… from your couch, if you’re not ready to buy land for sale! Tax Deduction (homeowners can deduct propertytaxes and mortgage interest).
For most Americans, the idea of living in a mansion falls squarely in the realm of the daydream—one perhaps indulged while watching “The Real Housewives of Beverly Hills,” or for those old enough to still hear the unmistakable enunciation of Robin Leach ringing in their ears during an episode of “Lifestyles of the Rich and Famous.”.
In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of realproperty appraisers providing appraisal services to lenders who provide home mortgages.
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