Real estate blog entries tagged with central by Paul Davis (Mid-State Appraisals)

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central: Florida Residential Growth, Impact Fees, And Local Government Planning - 05/20/08 02:03 PM

Local governments are being hit with a heavy economic burden with the slowdown in residential real estate. Sizeable reductions in new home construction and demands from the state of Florida requiring local governments to cut back their budgets are taking their toll. Fewer permits being pulled for new home construction means … (0 comments)

central: Central Florida Property Appraiser - Homestead Tax Exemption - 05/20/08 01:59 PM

Every person who has legal or equitable title to real property in the State of Florida and who resides on the property on January 1 and in good faith makes it his or her permanent home is eligible for a homestead tax exemption. If title is held by the husband alone, … (0 comments)

central: 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)

central: 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)

central: 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)

central: 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)

central: Central Florida Property Appraising & Consulting - Asset Assessment & Wealth Accumulation - 05/20/08 12:42 PM

Appraisers ensure that the decisions made by buyers, sellers, government officials, insurers, investors, and others are based on well-informed, carefully reasoned judgment. Therefore appraisers help promote the stable and orderly development of the real estate market.Appraisers of real property evaluate the utility and desirability of property and estimate its value for … (0 comments)

central: 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)

central: 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)

central: 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)

central: Buying Florida Real Estate - Florida Foreclosure Bonanza Awakens Buyers Across The Country & Globe - 05/20/08 12:09 PM

Florida was second in the nation, with more than 279,000 foreclosures filed in 2007. That's up 275 percent from 2006.As we roll into the new year, many are having to pack up and quickly sell their homes. This translates into substantial savings for buyers looking to seize a good deal, escape … (0 comments)

central: Florida Homeowners Negative Equity Nightmare - Costly Mistakes Leading To Bankruptcy And Foreclosure - 05/20/08 12:04 PM

A surprising large percentage of Florida homeowners who purchased their property in 2006 and 2007 now have negative equity on their homes, thanks to the excessively high prices paid when they bought their homes. Negative equity means your mortgage exceeds and gobbles up any ownership interest you have in the property … (0 comments)

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