Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been offering loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.
This beautiful 2 bedroom, 2 and a half bathroom condo has just been listed for sale in Orange This condo features 2 bedrooms plus a loft. (The loft can be converted into a 3rd bedroom). The bedrooms are
See if You Qualify for a Orange Short Sale Is your Orange home upside down? (Is your Orange home worth less than what you may owe on it.) Do you have a hardship? (Things have happened where you find yourself
CareerBliss Happiest and Unhappiest Jobs in America -- 2013By: The CareerBliss TeamPosted March 25, 2013 Have you bought or sold property lately? Chances are your real estate agent is happier than you
People may say that the real estate market in the City of Orange and surrounding areas is weak.Â I'm here to say from experience, that if a property is priced right and shows well, it will sell in today's
Your question seems relatively simple, however as one might conclude from the various answers provided so far â€“ the answer that works best for you is potentially much more complex than suggesting you look at your local tax assessorâ€™s property taxroll (wherein the land and improvements (building structure) have been previously estimated). If that would work for you â€“ disregard the rest of this pieceâ€¦ for my answer becomes â€œanalysis paralysisâ€.
If youâ€™re still reading, assuming you wish to demonstrate a diminished value because you are â€œappealing a property tax assessmentâ€. Your task will be to create reasoning that is supportable and comprehensible to back either an enhanced or diminished opinion of land value.
In solving this dilemma, different approaches can be used (depending on your desire). They are: replacement and substitution. I suggest you begin by finding â€˜active listingsâ€™ and recent â€˜soldsâ€™ of similar unimproved property in your immediate area.
Raw land (unimproved / without any structure) has comparable desirability beginning with location. Thereafter, characteristics such as slope, view and neighboring uses will dramatically effect the value. Assemble a matrix wherein the address is listed and to the right, create columns in which a number value is given for improvement costs. Features here are those that would be need to be completed for the property to attain its highest and best use. Factors such as the ease and installation of utilities â€“ for example, gas, electricity, water, telephone and sewer, or streets, sidewalks, drainage and grading being completed. These hard costs need to be DEDUCTED from the final value (when one completes all planned improvements). Donâ€™t forget the soft costs such as financing, design, engineering, impact and permit fees. What is dollar amount remaining once the costs are backed out? That number should be the raw land value.
The principle of substitution maintains that the value of a property tends to be set by the price a person would have to pay to acquire an equally desirable substitute property. So in the end, reconciling to a final estimate of value, could you buy an existing property (with all of the afore mentioned improvements) for less than the time and effort (and cost) to assemble a similar property?
In this present market, many improved properties are absolute bargains that couldnâ€™t be replaced for the duplication costs of creating a substitute.
Many times the final answer will depend on the emotional value of the land and creating a truly unique property â€“ one that cannot be easily duplicated. I wish you the best of luck in your calculations.... more
Existing-home sales fell in February following three straight monthly increases, according to the National Association of REALTORSÂ®. Existing-home sales dropped 9.6 percent to a seasonally adjusted
I just want to take this time to say "Thank You" to my seller onÂ our listing in Orange at 518 N. Carlisle. A castle perched atop Orange Hills with endless views of Catalina Island, Palos Verdes, downtown
hi Erin. Congratulations on your offer. I have written a four part blog about whether it is the right time to buy. You'll find some useful information and points at the link I reference below. Good luck!... more
No more tax credits to heat up the market, how about just good deals and interest rates that are unbelievable!Â There has been some talk about the real estate market slowing down or perhaps taking a
October 2009 Sales in OrangeÂ Â $500,000-$1,000,000Â For just the month of October in the city of Orange (92867,92869),in the price range $500,000-$1,000,000 The active inventory is 73 properties,