Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Housing Wire

MARCH 11, 2025

If the home doesnt already cater to senior living needs, then affordability challenges with renovations are an issue to overcome. But even if people want to age in place, they may run into challenges with their homes suitability for it.

Property Taxes 277

Property Taxes Renovations Investing 277

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.

Real Estate 476

Real Estate Property Taxes Renovations Development 476

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. We are proposing new rules that would require sensible safeguards on these clean energy loans.”

Property Taxes 396

Property Taxes Renovations Finance Lending 396

Housing Wire

JUNE 20, 2024

The 2017 law also made interest from home equity loans non-deductible except for when the money is applied to home improvements or renovations. The TCJA also “capped the maximum allowable state and local tax deduction at $10,000 (the so-called SALT cap),” which it said “all but eliminated tax benefits for property taxes on a home.”

Mortgage 497

Mortgage Bracketing Law Property Taxes 497

Housing Wire

SEPTEMBER 20, 2024

Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. The report comes with a few caveats. The typical margin of 30.4%

Property Taxes 458

Property Taxes Renovations Investors Sellers 458

Housing Wire

JULY 31, 2023

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Property Taxes 370

Property Taxes Renovations Finance Lending 370

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Appraisal Buzz

DECEMBER 23, 2024

It also stayed within a range that could easily be wiped out by carrying costs that include renovation expenses, mortgage payments and property taxes, exposing again the struggles U.S. home flippers are having in turning healthy profits.

Property Taxes 390

Property Taxes Renovations Investing Appraisal 390

Appraisal Buzz

JUNE 24, 2024

It also stayed within a range that could easily be wiped out by carrying costs that include renovation expenses, mortgage payments and property taxes, ATTOM says. Gross profits on typical flips around the country, meanwhile, increased to $72,375. That remained down from a high of about $80,000 reached in 2022.

Property Taxes 370

Property Taxes Renovations Inventory Investors 370

Housing Wire

MARCH 11, 2025

Homeowners can accumulate wealth as property values rise, unlike renters who do not gain equity. You could benefit from tax deductions. Homeowners may deduct mortgage interest, property taxes and other costs on federal tax returns. You want control over your living space. You are financially stable.

Property Taxes 164

Property Taxes Landlords Finance Investing 164

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. The Florida Legislature and Gov.

Law 435

Law Finance Property Taxes Renovations 435

Housing Wire

SEPTEMBER 4, 2024

The same obligations of a traditional HECM — namely, keeping up with property taxes, insurance maintenance and (if applicable) HOA fees — must be maintained to avoid foreclosure. Converting equity into available cash can be accomplished without impacting Social Security or Medicare benefits, the company said.

Mortgage 448

Mortgage HOA Insurance Property Taxes 448

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. To learn more about pricing properties in today’s market, visit Auction.com.

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

APRIL 8, 2021

But be sure to consider how other recurring costs that may come with homeownership – such as homeowners insurance, property taxes and common charges like HOA fees – factor into your total monthly housing expense. Homeowners may also be eligible for tax deductions which renters may be unable to utilize.

Property Taxes 435

Property Taxes Landlords HOA Renovations 435

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants.

Renovations 370

Renovations Buyers Development Insurance 370

Appraisal Buzz

SEPTEMBER 19, 2024

The latest portion of flipped properties was down from 8.7% And while the rate may have declined, home flipper profits ticked upward for investors who buy, renovate and quickly resell homes, and in Q2, investors typically earned a 30.4% of all sales in the U.S. during Q1 of 2024. The flipping rate also was down slightly from 7.9%

Renovations 433

Renovations Investors Property Taxes Investing 433

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints.

Finance 501

Finance Construction Tenants Renovations 501

Housing Wire

APRIL 27, 2023

Inviting an SFR lawsuit Invitation Homes earlier this year failed to convince a judge to dismiss a pending whistleblower lawsuit filed against the company in federal court in San Diego that alleges it made improvements at scores of properties in California without first securing required building permits.

Renovations 393

Renovations Investing Real Estate Marketing 393

Appraisal Buzz

DECEMBER 12, 2024

And while the flipping rate followed historical trends, profits turned back downward for investors who buy, renovate and quickly resell homes following a period when their fortunes had been improving. The flipping rate returned to the 7.2% level recorded in Q3 of last year. In Q3, home flipping generated on average a 28.7%

Renovations 345

Renovations Investors Property Taxes Investing 345

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. People are calling it the Great Renovation.

Finance 370

Finance Marketing Renovations Investors 370

D Fritz Appraisals

JANUARY 29, 2025

Key Features of BC Assessments: Purpose: Used primarily for calculating property taxes. For example, if youve recently renovated your kitchen, BC Assessment may not reflect the added value unless the renovation is reported, which impacts the propertys marketability. Frequency: Updated once a year.

Appraisal 78

Appraisal Valuation Property Taxes Inspection 78

Appraisal Buzz

SEPTEMBER 19, 2024

While the rate declined, fortunes kept ticking upward for investors who buy, renovate and quickly resell homes. It also stayed within a range that could easily be wiped out by carrying costs that include renovation expenses, mortgage payments and property taxes, revealing anew the struggles home flippers are having in turning healthy profits.

Renovations 195

Renovations Property Taxes Investors Investing 195

Housing Wire

MAY 18, 2022

Not tax advice. Consult a tax professional. † As with any mortgage, the borrower must meet their loan obligations: keeping current with property taxes, homeowners insurance, and maintenance. To learn more about RMF and reverse mortgages visit reversefacts.com/HW.

Mortgage 418

Mortgage Clients Insurance Tools 418

Realtor

FEBRUARY 11, 2021

“When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. You can check with your local tax office or assessor to confirm the property taxes in your area and calculate what you can expect to pay based on a home’s assessed value.

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

Birmingham Appraisal

DECEMBER 17, 2024

We discussed numerous topics including the key differences between appraisals and comparative market analyses (CMAs), what factors influence property value, and how renovations can impact your home’s worth, among other things. Include both minor updates and major renovations to ensure the appraiser accounts for all improvements.

Appraisal 75

Appraisal Easement Real Estate Agent Valuation 75

Appraisal Buzz

JUNE 20, 2024

It also remained within a range that might be easily depleted by carrying costs such as renovation fees, mortgage payments, and property taxes. However, it was up from both Q4 of 2023 and a decade-low of almost 25% in Q1 of last year. Meanwhile, gross revenues from typical flips across the country rose to $72,375.

Investors 435

Investors Property Taxes Renovations Investing 435

Housing Wire

JULY 10, 2024

What renovations or updates have you made that you believe could add value to your home? While not every seller can afford professional staging, your recommendations can be invaluable in helping them prepare their property for sale. Conversely, some repairs, renovations or updates may not be worthwhile.

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 448

Investors Investing Inventory Real Estate 448

Cleveland Appraisal Blog

APRIL 21, 2022

Is the condition of the neighbor’s property having an impact on the safety or soundness of the properties around it, or is it just an eye-sore? Is there some characteristic of the property that is creating damage to the properties next to it? What if the neighbor’s home in poor condition, was purchased and then renovated?

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

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.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Assurance Financial

MARCH 18, 2021

No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. These improvements may also reduce your liability for capital gains tax. This will help you remember how much money you spent and when you performed the renovations.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

The Robert Weiler Company

MARCH 9, 2021

No stranger to offering business-related sage advice, Benjamin Franklin was fond of reminding us all that “death and taxes” were the only two certainties in this world. While Franklin knew that death and taxes were guarantees, how those taxes are paid, and who’s managing the properties taxed is anything but certain.

Property Management 148

Property Management Tenants Property Taxes Business 148

The Robert Weiler Company

APRIL 15, 2022

And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. property taxes, insurance, building maintenance, utilities, janitorial services, and property management fees). The tenant pays for the base rent plus the property tax and insurance premiums in a double net lease.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Realtor

FEBRUARY 11, 2021

“When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. You can check with your local tax office or assessor to confirm the property taxes in your area and calculate what you can expect to pay based on a home’s assessed value.

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

Eppraisal

FEBRUARY 6, 2024

The mortgage interest deduction can result in significant tax savings, effectively reducing your taxable income and lowering your overall tax liability. Property Tax Deduction Homeowners are also eligible to deduct property taxes paid on their primary residence from their taxable income.

Property Taxes 69

Property Taxes Renovations Home Improvement Law 69

Birmingham Appraisal

JUNE 11, 2024

The owner had recently made some updates and renovations and wanted to make sure they got all of their money back from the investment. Tax Appeal Appraisals: Fair Property Tax Assessments What is it? Tax appeal appraisals are conducted to challenge the assessed value of a property for tax purposes.

Appraisal 87

Appraisal Property Taxes Valuation Real Estate 87