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Blog entries tagged with "market value":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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In this series, I we will discuss some short sale basics - what is a short sale, what is the foreclosure process, and how to identify a possible short sale listing, and the "wrong" way to approach this scenario.
One of the most difficult tasks of any real estate agent is educating the seller on the value of their home in today's market...and having them accept a fair listing price. As a seller you'll need to rely heavily on your agent in achieving a realistic selling price. You should be … (0 comments)
I recently had a listing for a home that is now under contract in Cromwell, CT. This home, was priced 50k under market value.. why, the sellers know it is a buyers market.. and they wanted to sell. This home has over 1600sq ft, and is located in an established neighborhood.
Proposition 90: Homeowners Exemption Age 55+. It’s a “property tax incentive to move”. The main qualification of this proposition, however, is that you already own a home…it allows a homeowner 55+ to transfer the assessed value of their home to a new home and pay taxes based on the assessed value … (1 comments)
TIPS YOU CAN USE: ARE THE LIMITS OF INSURANCE FOR YOUR HOME ACCURATE?
… (18 comments)
This morning on the Today Show their real estate guru suggested that sellers should price their homes 10% to 15% below market value. Her theory is that buyers are knowledgeable and will realize that the home is underpriced. It will definately be the best home in its price range so buyers … (9 comments)
Big Fish
Does
Selling Your Home Feel a Bit Like Fishing for the Big One?
About 2 months ago, I listed an expired listing which was on the market for awhile and listed for a much higher price which the market also rejected. I listed the home below the previous price, but still too high. So yes, you guessed it.
You’ve decided to sell your home, so what is next? Pricing your home is obviously a key part of the home selling 
(Please reread the title with sarcasm. Good.)
I helped some clients write an offer an a house yesterday that they've fallen in love with. The house has only been on the market about a week, and there will be competition from other offers. This is a strange situation to be in after the draught in buyers that so … (2 comments)
The tax value and market value of your home are important numbers to know. Tax value is important since it's the basis for calculating annual property taxes, while market value is crucial for homeowners looking to sell in the near future. Tax value and market value are two different values, and while … (2 comments)
Each year the National Association of Realtors in association with Remodeling Magazine sponsors a cost versus value report showing the average cost for home remodeling projects and the anticipated increase in value for homeowners. The report is available for nine different regions in the US and shows what remodeling projects may … (2 comments)
There are 4 reasons your house didn't sell. 
It becomes more significant on a daily basis, the gap between sellers and buyers. We still see homes priced too high. These homes spiral down in price just behind the declining market. When as a seller, you choose a price over market value, you set in place the criteria for … (0 comments)
Tax assessed values is a gauge that you can start with to determine value but not always the determining factor. 
In the past 10 days in (Washington Township) Indianapolis has had a few pendings for the highest price in their neighborhoods history. This forced me to research the topic (or phenomenon). What are the chances of sellers and their agents acting so confident in setting the highest price per sq ft in … (1 comments)
New Page 2
Top five factors that do not affect the
market value of Olathe real estate, thus the proper listing price of
your home. For proper pricing techniques, contact Brad Papa, your local
Olathe real estate agent for a free market analysis.
Often the first question asked when putting your house on the market is "How much can we get for our house?".
Just curious, hold up your hand if it applies: REO Agent (show of hands, just reply yes 1 local bank, yes 2 if REO service company -ie. asset manager), or BPO Agent (just reply yes3 for local and yes 4 for asset manager company).
Here are 8 reasons why replacement costs always soar above market value, from an insurance viewpoint: 
The amendement 1, of the tax relief package, passed about two weeks ago and contains a number of revisions. The three "biggies" are: PORTABILITY of homestead property tax assessments, DOUBLING the homestead exemption, and CAPPING the increase in assessed value of non-homesteaded property.
When determining the value of your home you need to look at the sales of those homes in your area that are most like yours - most similar in terms of size, number of bedrooms and bathrooms, and style of home. One factor that many people overlook is that in order … (0 comments)
You see them on most street corners and high up the telephone polls at unreachable heights, the BOLD-print signs that say "We Pay Cash for Houses". It's usually followed up by a phone number and little else. Catchy, but who dares call these numbers and gives them way too much information?
GRM vs. CAP Rate
Market value definitions in the USAIn the US, appraisals are performed to a certain standard of value (e.g. -- foreclosure value, fair market value, distressed sale value, investment value).The most commonly used definition of value is Market Value.While USPAP does not define Market Value, it provides general guidance for how Market … (0 comments)
How Sellers Price Their Homes
Please allow me to introduce to you a new listing I am marketing in Holt This is an excellent value, wonderful neighborhood and offers tons of amenities. click the above link for additional features. If you're interested in additional information on the demographics of Holt, you'll find them here. 
How long does it take to sell a property? Some properties sell in a few days, others may take several months. By recognizing some key factors that influence marketing a home, you can get significant control over market time.
As I draft my appeal response to the ridiculously overinflated "Market Value" the state of Maryland just assessed for my house, I felt compelled to let you know that the HOMESTEAD TAX CREDIT process has changed.
Lately, I've been talking to more sellers of expired listings than I used to. Often they're discouraged, disgruntled and disillusioned. Once I review current market values with them, they're even more so. So it was refreshing for me to meet with someone recently who had a completely different perspective.
It was a long year, but we made it through. There were 261 homes settled during 2007 according to our local MLS (ARIS). As you can see the activity was down somewhat over 2006. Hopefully after the election jitters subside, we will see a return to normal levels.
Time on The Market
Regardless of the market, here are six strategies to help get your home sold. We are currently in a strong buyer's market, which means that there is more inventory than available buyers. In SE and Central Michigan, this has been caused partly by the decrease of employment in the auto manufacturing … (1 comments)
So what is the difference between the Appraised Value vs the Market Value of my home? 
If you ask 20 different appraisers whether a foreclosure will affect the value of the surrounding homes in any given neighborhood, you might get 20 different answers, but they will all lead to the same conclusion. That conclusion is it depends. I know, that's not what you wanted to hear. But … (7 comments)
In my office in Pleasant Hill California we've noticed the appraisers are really clamping down on comps. And, lenders are requiring review appraisals on nearly all pending sales (Uggh!)
It's my experience that many real estate agents take listings at prices that are way over market value, just to get the listing, because they think it's what the seller wants. Do you know agents who do this? I think it's irresponsible to the Seller. As real estate professionals, we're supposed to … (14 comments)
Each year, Realtor Magazine conducts a survey on the cost of various remodeling projects around the country and how much they add to the value of the house.
When pricing your house, it’s important to note that the lower the price, the more buyers you will attract.
Scottsdale, Carefree, Paradise Valley, Cave Creek, and Phoenix are Buyers Markets! 
To often we hear the words "Market Value" tossed around by people who think that Realtors® set the "Market Value" or listing and selling prices of homes. I've even heard a potential purchaser say that Realtors® had pushed the price of homes out of reach of the average purchaser. Nothing is farther from the truth.
Palm Coast, FL - I had an interesting meeting with Jay Gardner, Flagler County's Property Appraiser a few days ago. Our discussion dealt, in part, with Palm Coast and Flagler County's declining property values and the effect the decline might have on individual property taxes next year. Many counties in Florida … (2 comments)
It appears there is still an enormous disconnect between buyers and sellers in the real estate market. Many homeowners are chasing the market downward instead of being aggressive and selling their home ahead of the downward spiral. At the other end of the spectrum we have the unrealistic buyer who feels … (2 comments)
My goal is to obtain the top selling price for your home. To help determine the proper asking price for your home, I conduct a comprehensive analysis of the market from comparable properties offered for sale in your area.
We all know that getting the listing is our lifeblood. Without them we obviously would not be able to sustain our careers. However, when you compromise your integrity and go so far as to buy a listing, you are not doing you or your client any favors.
Sellers are competing for buyers these days. Actually, sellers are always competing against each other, trying to offer the best value in hopes of securing a full-price offer. Such offers usually come to sellers whose homes are in model condition and priced at, or below, fair market value.
You are ready to sell your Jacksonvlle fl home. Your neighbors home sold for a great price last year. A friend across the country sold for a price you would love to get for your home. What is a reasonable price to set for your Northeast Fl home. You call your … (0 comments)
Don't make the seller mad if you want to negotiate. That's just common sense, don't you think? Apparantly this buyer didn't believe that.
The MLS has been overpowered with so many REO, bank owned, quick sales that it is almost impossible to make an accurate CMA for sellers. Because these homes are listed below their market value in almost every case, it makes it difficult to create a proper, accurate CMA for those … (4 comments)
I had an argument with an acquaintance today. He explained to me that his home was on the market and asked me for a "professional" opinion. He continued to go into specifics. As I pretended to pay close attention to each detail I collected my breath as I started into my … (0 comments)
Some developers in Florida are resorting to "fire sales" just to move properties in this saturated market. This makes me more than leary about what will happen to the market value of properties throughout the state. A year ago, fire sales were contained by the re-sale market. Now, the housing slump … (5 comments)
What do you do when you sell your used car?
Does This Second Lender Foreclosure Home Auction Show the Direction We are Heading?
What Is Your Homes Value?
I recently had a client stop and ask me what is market value? I proceeded to explain what market value is and how it is driven or influenced. I later thought that this would make a good topic to discuss in Active Rain. 
Property values are bouncing around nationwide and many homeowners like you are getting stuck with increased property tax bills. But there are ways you can protect yourself if you think you've been overcharged. Establishing your home's true market value and proving that the value of the property is less than the … (2 comments)
Ten Principles of Value 
Well I just finished reading my blog on Market Value. If I knew how to use that thing that makes the words blue, I would have linked Market Value to the blog. I don't, so if you want to read it you will have go back and scroll down and locate … (11 comments)
Have you ever tried to comp out a house for which there were no similar properties?Have you ever tried explaining to clients why they cannot compare their home to one far away, in another zip code, to arrive at the current market value?This last week, I did a market analysis on a … (40 comments)
I recently had an agent tell me that the listed rent price is not negotiable. She's a "top producer" so I calmy neglected to remind her that everything in real estate, unless otherwise stipulated by the client is negotiable. My client really likes the house but would like a mere $50 … (1 comments)
OGDENSBURG NEW JERSEY AREA MARKET REPORTS FOR JULY 2007
Hello folks. Today was a nice day in the Black Hills of South Dakota. In Rapid City, the high temp. was around 85 and we ACTUALLY GOT SOME RAIN in the afternoon. Unfortunately it was accompanied by some hail. Not real damaging hail, but enough to knock a few flowers off … (0 comments)
With the public perception of realtors and other players in the real estate industry suffering under all the negative media coverage, it may be difficult to believe that there are professional and ethical realtors in the marketplace. They are out there—doing their best to inform, educate and represent their clients … (0 comments)
Stabilized? Is this not a buyer's market? 
Your property has several different values, depending on what the purpose of the appriasal and who is doing it. THe tax assessor, mortgage lender, insurance company, seller and buyer require different things. There is also what is called "market value", this is what your buyer is willing to pay you for … (5 comments)
We are getting very close to setting a date for our next multi-property real estate auction event in Columbus, Ohio. 
As a real estate agent in Knoxville, TN, I have not seen a dramatic difference in the real estate market. Folks are still wanting to sell and folks are still wanting to buy. There has been a difference in the amount of mortgages allowed due to the subprime lending etc., however, … (8 comments)
One of the serious consequences of over pricing your home is that it will sit unsold on the market. It becomes shop worn and then it simply languishes on the market until it expires. When you re-list the property, the market conditions have usually changed and not only is a serious price adjustment … (9 comments)
...who must be satisfied with the final negotiated price on the home. Of course, the buyer has to be at ease with the fact that they're making a purchase that's at market value price. But what about the appraiser? Yes, that lender who's forking over hundreds of thousands of dollars will … (5 comments)
SHELL KNOB AND BARRY COUNTY DONE 