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.
Real Estate Minute: Online Appraisals
Real Estate Minute with Ilyce Glink Does an online appraisal replace a real one? Original Air Date: July 13, 2006
Seller Prices Home Above Market Value
When you're selling your home it's important to price the property in a way that will help it sell. If you price the property higher than comparable ones in the neighborhood, it's going to be harder to sell the property. What can you look for when you're a buyer? Learn clues to discover when a home is overpriced.
The Price Of Luxury Just Got A Little Higher
The Coldwell Banker Luxury Home Market report is out for 2005 and the numbers are eye-popping. First, a definition: For CB, "luxury" means homes cost...
Real Estate Market Bubble Survey Summary
During the height of the real estate boom, a majority of respondents to the Real Estate Bubble Survey agreed with that the bubble was a fact. Learn what people thought would be the effect on the economy when the real estate market bubble burst and also when people expected the real estate market bubble to work.
Capital Gains Tax Depends On Market Value
When you sell property that's an inheritance how much capital gains tax do you owe? It depends on the market value of the home when you inherited it and how long you own the home after the inheritance occurs. A typical capital gains tax rate is 15 percent. You may also want to consult with a real estate attorney to determine the cost basis and capital gains tax.
First Time Home Buyer Asks How To Make Offer On House
When you're a first time home buyer it may be difficult to figure out how much to offer on a home. To determine how much to offer you should look at the neighborhood you're interested in, what other homes are selling for in that neighborhood and what the tax assessor says about the homes in that location. Once you've done your research as a first time home buyer you'll be more knowledgeable to make an offer on a home.
Negotiating Price On A Tight Budget
After making an offer on a new home, the sellers have counter offered and the buyer is unsure the price is reasonable. The buyer is on a very tight budget and wants to make sure she is not overpaying. If the price is close to the market value of the home, the buyer and selling may be able to split the difference. The buyer also needs to take into account any appliances that are included, and what it would cost to buy new appliances.
Flipping Real Estate: Legitimate Buying And Selling Of Property?
The term "flipping" real estate has gotten a bad name in the press, as a suspect way of buying and selling property. Buying property at a low price and selling it higher is legitimate, but the practice of "flipping" real estate can be suspect. Some people who flip real estate falsify documents to make the property seem worth more than it really is after making modest improvement, which is why the term "flipping" is better left out of the equation.
Home Improvement Or Buy New Home
When deciding whether to do home improvement such as an extensive remodeling or to upgrade to a better home, you need to think about whether you can recapture the money you spend on the home improvements. The timing of the home improvement also plays a role - think about how close you are to retirement. If you decide that your home's value will increase over time and it's a worthwhile investment then you should think about how to finance the project. One way to finance home improvement is using a home equity loan.