Why Are Detroit Property Taxes So High All Locations : Advice

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Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
I will be earning about 50k this year. My credit scores are 650-660s across the board. How much of a loan ca ...
generally speaking a safe loan is yearly income x 3. You may find someone who will go to yearly income x 4 but it is a lot tighter for your lifestyle and spending habits.

The best wa ... more
0 votes Share Flag Tue Apr 13, 2010 Financing in Detroit
Veronica Pot…, Real Estate Pro in Mission Viejo, CA
Veronica Potter answered:
We are hoping to buy in Ladera Ranch but we are not in a hurry. With all of the foreclosures coming in ...
Hello Jennifer first you need to consider your price range. Some price ranges are still a buyers market which would be $1m and higher and others are quickly becoming a sellers market $5 ... more
0 votes Share Flag Sun May 29, 2011 Home Buying in Ladera Ranch
Kathleen Lor…, Real Estate Pro in Brainerd, MN
Kathleen Lordbock answered:
Do you think prices of Residential Real Estate will continue to drop through 2010? If so, how much?
I see prices still dropping and interest rates slowly rising. With the lender held shadow inventory being released at some point in time - yes, the market will reflect the flooding.
0 votes Share Flag Mon Dec 28, 2009 Home Buying in San Diego County
Jane E. Daley, Real Estate Pro in Scottsdale, AZ
Jane E. Daley answered:
A question from Moscow, Russia
You did not make reference to a particular house for sale but in general there are bank owned homes for sale that are available for less than what you could bulld that house for today. ... more
0 votes Share Flag Fri Mar 26, 2010 Home Buying in 48202
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Is the tax assessment a true indication of value?
No. Far from it.

In Fairfax County, for example, the county considers an assessment accurate if it's in the low 90% range. That means a house assessed at $400,000 might be consi ... more
0 votes Share Flag Sun Oct 5, 2014 Home Buying
Tim Bishop, Real Estate Pro in Cape Coral, FL
Tim Bishop answered:
Why are homes in Cape Coral, Fl so cheap?
Hi Russ,

There are MANY contributing factors to the low price of real estate available in Cape Coral. During our building boom earlier this decade, many homes were built speculative ... more
0 votes Share Flag Thu Apr 26, 2012 Market Conditions in Cape Coral
Jesse McGree…, Real Estate Pro in 33928
Jesse McGreevy 239-898-5329 answered:
Why are reo and short sale homes so horribly marketed?
Sorry Goat......banks could care less if you wait or not. No one else is waiting and they are lining up to buy them. Multiple bids on all REO's. Find yourself a good buyers agent to wat ... more
0 votes Share Flag Thu Nov 26, 2009 Market Conditions in Cape Coral
Jeffrey Doug…, Real Estate Pro in San Diego, CA
Jeffrey Douglass answered:
best way to postpone trustee sale auction date quickly
Dear Four, Your question did not say if you are an owner of the foreclosed property or a buyer trying to purchase the property. If you could share some more information I could give y ... more
0 votes Share Flag Sat Nov 8, 2014 Foreclosure in 92106
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis, Birmingham MI answered:
Summer and Winter Taxes
Something appears to be wrong with those numbers. Those taxes are very high. The taxes are calculated by multiplying the taxable value by the millage rate for the municipality. Summe ... more
0 votes Share Flag Wed Apr 8, 2009 Rental Basics in Detroit
Rhonda Forbes, Real Estate Pro in Gainesville, GA
Rhonda Forbes answered:
I am confused as to WHY more buyers are NOT out there taking advantage of the $8,000 TAX CREDIT?
I don't think they understand it or think it doesn't apply to them. I had the idea to get the mortgage co. in our office to print buttons that say "Ask me about $8000 rebate for 1st Ti ... more
0 votes Share Flag Thu Sep 16, 2010 Home Buying in 60611
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
Looks as if we are still in for some major declines in '09.......let the realtors begin to defend!
Vb

Thank you for the information and your insight........

Regardless of the state of the economy, real estate conditions, or home values the market has and will always be driven b ... more
0 votes Share Flag Fri Mar 12, 2010 General Area in Virginia Beach
Nick Rhea, Real Estate Pro in San Diego County, CA
Nick Rhea answered:
Is Temecula or Oceanside a better place to live. I heard one agent on here say that the market in Temecula
Hi Chester,

Are you looking for a place to live or an investment property?

Nick
0 votes Share Flag Sat Jul 2, 2011 Home Buying in Oceanside
Alex Amaro, Real Estate Pro in 95818
Alex Amaro answered:
Why are people running around like chicken little, screaming the sky is falling? All the moneylost in people ...
Why are people screaming that the sky is falling? Well, at the risk of sounding condescending to some, these concepts of banking, finance, economics that you have a grasp of are not co ... more
0 votes Share Flag Sat Jun 6, 2009 Financing in 95831
David Chambe…, Other/Just Looking in Saint Petersburg, FL
David Chamberlain answered:
For the RE Pros, when you say it is a good time to buy, remember it is our money we are using not yours! ...
Sounds like a baited question.

First I would ask, Can you afford to buy a home?
0 votes Share Flag Sat Oct 24, 2009 Market Conditions in Danville
Jacqueline H…, Real Estate Pro in Mendham, NJ
Jacqueline Haynes answered:
I am passionate about real estate in my area. Home prices soared during the boom but in this area the prices
Unfortunately, it's not the agents. It's the home owners that don't agree with the market valuation of their home.
0 votes Share Flag Tue Aug 11, 2009 Home Selling in 07430
Joey Marino, Real Estate Pro in Canton, OH
Joey Marino answered:
If President Barack Obama could change or fix anything about housing what would it be?
He could help raise prices of properties by eliminating some of the "stale" inventory. Some older foreclosed homes that are damaged and deteriorating are still sitting on the market dr ... more
0 votes Share Flag Mon Oct 1, 2012 Market Conditions
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis, Birmingham MI answered:
Is it true i can buy a house for less than 1000 dollars? As the John Beck's commercial says?
I don't know who John Beck is or what his commercial says. If something seems to good to be true it generally is. A house that would cost less than $1,000 probably needs tens of thous ... more
0 votes Share Flag Wed Feb 5, 2014 Home Buying in 48917
Mary Novak,…, Real Estate Pro in Brighton, MI
Mary Novak, CDPE, SFR answered:
which area of detroit would you reccomend for investment?
It is a buyer's market, but as an agent, we can't guarantee what is a good investment. It is up to the buyer to do their own due diligence. But what an agent can help you with is when ... more
0 votes Share Flag Thu Dec 4, 2008 Home Buying in Detroit
Mk, Home Buyer in Palo Alto, CA
Mk answered:
When and How to buy a home in the downturn house market in Palo Alto?
I have made several posts here. Thanks to many of you (Steve, Pa_home_buyer, Chris, Matthew --), for the thoughtful answers. I got some good sense about the house market.

As for now ... more
0 votes Share Flag Tue Sep 15, 2009 Market Conditions in Palo Alto
Gordon Johns…, Real Estate Pro in Canton, MI
Gordon Johnson answered:
Interested in purchasing investment properties in Detroit but was curious about couple of aspects...
Hi Sean,

Send me an e-mail at Gordon@MInextHome.com and I can help you with a couple of these questions and give you a good suggestion on where to get the rest of the answers.

Gor ... more
0 votes Share Flag Thu Oct 13, 2011 Foreclosure in Detroit
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