appraisal: Baby Boomers Home Equity Decline Diminish Hopes Of Retirement - Many Are Selling In Orange County - 05/20/08 02:36 PM
Unlike previous generations who could look to equity in their homes as a source of economic stability, the worsening economy has thwarted many baby boomers plans of an easy retirement. In the past retirees could look to their homes as a source of equity with which to retire and somewhat live … (0 comments)
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appraisal: Housing Surplus In Seminole, Sumter, Osceola, Orange, Polk, And Lake County, Florida - 05/20/08 02:32 PM
Empty houses all around across Central Florida reveal builders plight as they are being forced to drop prices even faster than homeowners. Builders unable to sell their excess inventory are hustling to dump homes at lower prices and are doing whatever they can to hurry up and unload before prices go … (0 comments)
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appraisal: Mandating Florida Hurricane Insurance, Additional Property Tax For Homeowners - Are You Eligible? - 05/20/08 02:14 PM
An initiative on the Florida, 2008 general election ballot is a bill to make hurricane insurance as a local property taxing authority at market value. To me this seems very dangerous because it basically passes on to every homeowner, whether they want it or not, additional insurance costs related to hurricane … (0 comments)
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appraisal: Central Florida Real Estate Market Downturn - Economic Variables & Causes - 05/20/08 01:51 PM
The residential real estate market in Central Florida has been good since the last recession that occurred in 1991. The real estate market was red hot for a six month window between April to September, 2005. I had never witnessed such phenomenal price increases in my entire 30 years as a … (0 comments)
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appraisal: Florida Real Estate Market - Taxes, Insurance & Inefficiencies - 05/20/08 01:41 PM
The rich don't want to pay their fair share in income taxes and the poor aren't always up to date with the laws the powerful are trying to pass to shift the tax burden elsewhere. Moreover those cleverly entrenched in the establishment often know how to write laws and market them … (0 comments)
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appraisal: Central Florida Land Appraiser - Residential Development & Eminent Domain - 05/20/08 01:36 PM
The state of Florida has some phenomenal land from coast to coast. From city to country land is a precious commodity always increasing in value. Though residential development comes with much speculation, one thing is for sure is the value of the land before the improvements are added thereon. Undoubtedly local … (0 comments)
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appraisal: Central Florida Property Eminent Domain And Just Compensation - 05/20/08 01:28 PM
Just compensation is determined by several key factors, which mandates that the owner receive a reasonable return on their investment which can be quite arbitrary given what the market will bear. Eminent domain is the power of the state and federal governments to take private property. While the government may regulate … (0 comments)
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appraisal: Central Florida Appraiser - Skillful And Experienced, The Key To Professionalism - 05/20/08 01:21 PM
Until recently many states did not require individuals to meet specific qualifications before being allowed to perform appraisals. The Appraisal Institute came about as a result of the need to have professional unbiased estimates prepared by knowledgeable and trustworthy practitioners. Today every state maintains an appraiser regulatory law.Nevertheless professionalism is not … (0 comments)
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appraisal: Lower Property Taxes - Central Florida Property Appraisals - 05/20/08 12:38 PM
As a longtime property appraiser, former home builder for twenty years, and licensed real estate broker I learned something from someone who seemingly was a novice in the real estate market and industry.My son Paul Jr. lived in Oviedo, FL (Seminole County) at the time when he phoned my Lake County … (0 comments)
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appraisal: Central Florida Appraisals Property Valuations - 05/20/08 12:33 PM
Property appraising historically has taken three approaches: 1. The Cost Approach2. The Sales Comparison Approach3. The Income Capitalization ApproachMotivations for acquiring an appraisal are to obtain financing when buying property, determine the appropriate price when selling, to gauge the amount of tax one should pay based on valuation, and as an … (0 comments)
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appraisal: Central Florida Real Estate Appraiser - Creating & Assessing Value - 05/20/08 12:28 PM
As a longtime real estate property appraiser and builder in Central Florida, I learned long ago the essentials for creating and assessing value. Whether you are a buyer or seller, these values will strongly effect you at some point in time during the market transactions. That being said it is worth … (0 comments)
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appraisal: Huge Inventory Of Unsold Florida Homes Drives Prices Down Despite Realtor Hype & Media Assurances - 05/20/08 12:19 PM
Irrational exuberance, realtor hype, and media assurances of a robust economy are beginning to take their toll. Unwarranted conclusions, faulty assumptions, and the predisposition to endless American prosperity are colliding full force with reality.Nobody is buying, but builders keep building. Wait it out and eventually we shall be able to buy … (0 comments)
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appraisal: Florida Voters Approve Save Our Homes & Vote Yes On Homestead Exemption - Now What For Property Tax? - 05/20/08 12:14 PM
What does the newly passed Save Our Homes Amendment 1 mean to Florida homeowners? The multi-million dollar battle over the Save Our Homes amendment was a victory for democracy and political activism. Popular Republican Governor Charlie Crist, along with legislative and business leaders, rallied against some of Florida's most powerful unions … (0 comments)
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