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.
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.
Does having a pool in a townhouse community raises the value of each townhouse. This depends on whether other local townhouse communities have pools. A pool will cost townhouse residents more in fees and upkeep, but if it's the only pool in the area it can help increase your townhouse's value.
Mortgage lenders require appraisals before issuing home loans. What happens if the home you want to buy appraises lower than what the seller wants? It depends on the contract. The buyer may lose his earnest money if the home does not appraise out and the seller is unwilling to lower the price. It's up to the buyer to cancel the home buying contract if the contract permits him to do that.
Home sellers can't pick appraisers but they can learn how appraisals are calculated and what current market conditions are. It can be tough to appraise a home accurately in a declining real estate market. A good appraiser will dig deep to understand high sales.
When parents want to bequest real estate to their children they may want to use a quit claim deed when a trust is the better option. When you set up a trust you have to figure out who will be the executor and who will be the beneficiaries. Learn about the benefits of placing a property in trust versus using a quit claim deed. And discover what role the executor plays in the transaction.
Properties that once cost $100,000 are selling for 10 to 12 times that sum. How do you determine the true value of a home? There are many reasons why properties that seem too good to be true are still on the market.
What happens when you inherit a fraction of a property? How can you work with the other heirs in a buyout of the inheritance? Determining a fair price for inherited property can be tricky in an iffy real estate market.
Investing in real estate is not without risks. Buyers must beware when purchasing investment property -- there's no guarantee your real estate will increase in value. There's no one to blame when investment property doesn't appreciate the way you might have hoped.