All Posts Tagged With: "house"
Is an assessment useful in determining market value?
Tax assessments in many areas are only changed every two or three years, and thus may not be current. As well, assessments may be capped by state or local regulation to a given percentage increase which does not reflect market changes. Lastly, assessments may not reflect full values. For instance, there may be a special [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
What’s The Profit On My Home Sale?
The profit from the sale of your home is more han just subtracting what you paid from the price you got when you sold. You need to consider: Have you rolled over any profits from a prior residence under the old tax rules? (See a tax pro for specifics.) What was the purchase price? In [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Can I Rent My House While It’s Listed For Sale?
Most real estate listing agreements prohibit sellers from leasing their property during the term of the listing agreement. There is much logic to such clauses. If a home is leased, the new owner must honor the lease. That may make the home less attractive to buy. For instance, what if the lease goes through March [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Should I Enlarge My Home Or Get A Bigger One?
If you enlarge a smaller home you may find that central heating and cooling systems need to be expanded to accommodate the additional volume of space and that the electrical system must be updated. In terms of a design, it is possible that the living room, dining room, and kitchen will be too small to [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What Does It Mean To “Register” With A New Home Builder?
By “registering” you with each builder when you visit a new home site, the broker is saying that he or she “introduced” you to the property and may have a commission claim if you buy. The same logic applies to open house. Your broker will want to register you with the individual showing the property. [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Why Can’t I Stay At My Open House?
Both you and your broker wish to market the property for the best possible price and terms. It’s possible that a buyer will simply say, “I’ll take it,” and agree to all your requirements, but a more likely scenario is that both sides will have various issues to negotiate. Thus, the broker wants to have [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
Should I Price A Home On The Basis Of Its Rent?
Question: I want to invest in real estate. Is there a way to price homes based on rental values? Answer: No doubt you can compute a return on investment given a purchase price and such factors as improvement costs, net income, the value of depreciation, savings through amortization, and appreciation (if any). But then no [...]
23Aug2008 | Peter G. Miller | 0 comments | Continued
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