What is your home worth? The market value might depend based on the real estate market, condition of your home, amount of land associated with the property, amenities to your property and comparable properties’ market value. Learn more here about how to calculate the market value of your home and what it means for you.
This story was updated May 11, 2017. Is It Worth It to Appeal Your Property Taxes? A few weeks ago, I got a call from Dan, who was listening to my radio show. He lives in the Atlanta metropolitan area, and his property value has dropped significantly over the past few years. He received a [...]
Would giving a basement 9-foot walls instead of 8-foot walls add to the value of a home? There is no standard for the walls in basements, and could be a very local issue. A real estate agent would know what basement improvements could add to the value of a home.
Buying a foreclosure or short sale is basically the same as buying any property on the housing market. You may be able to get a good deal on a foreclosure or short sale if the market is full, but the market value and property value in your area will drive the pricing and financing the loan. Watch this Expert Real Estate Tips video for more information about short sales and buying a foreclosure.
Homeowners in some parts of the country such as Arizona, Nevada and Florida, are learning the hard way that their real estate investments may lose value. The growing number of foreclosures and short sales makes some wonder when the real estate market will hit bottom. If you're looking to purchase real estate, how do you know when will be the right time to buy? While you can't time the real estate market, remember that you don't always have to buy real estate at the very lowest price to make money.
On the show today, we had a call from someone who wanted to know about selling a home his Dad owned in California. The son, a resident of Georgia, is ...
When you buy property at a reduced cost, will you risk lowering the market value of the property? A home owner asks about buying a property for less than what it's worth and selling his own property for a lower price. It's a good idea to work with an attorney to complete a property swap.
How do you calculate cost basis on a home you receive through a quit claim deed? The type of home ownership is also a factor - for example joint tenancy. Learn how to do the calculation for cost basis and learn the rationale used to determine cost basis when families transfer home ownership using a quit claim deed.
When you're buying or selling a home, you want to get a comparative market analysis so you know the property value. In a comparative market analysis real estate agents compare the value of your property with that of similar properties. CMAs are used to determine at what price to list a property for sale. Learn about comparative market analysis from this Expert Real Estate Tips video.
Real estate information Web sites such as Zillow and Cyberhomes can be good tools for home buyers. However, the online property value listed may be inaccurate. View this Expert Real Estate Tips segment on how to navigate these sites and to learn tips to get a full picture of a property's value.
When you're doing a 1031 tax exchange you need to follow three rules for identifying property. The three property rule allows you to consider three replacement properties without taking their fair market value into account. If you're looking at more than three properties for a 1031 exchange, you may be subject to the 200 percent rule or the 95 percent rule. Learn what these 1031 exchange rules are.