Tom Hiller

"In Top 1% of Virginia Agents"
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  • Real Estate Professional
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  • William E. Wood & Assoc.
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  • Phone:
  • (757) 715-0322
Tom Hiller, in Yorktown, VA
  • 2 Answers
  • 2 Useful Answers
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Grace, Home Buyer in Hampton

City Home Assessments

Asked Sun Nov 4 2007, 21:09 by Grace  -  Hampton  -  Market Conditions  -  4 answers
Tom Hiller answered:
Grace,

See if you can get a copy of the Friday, May 9th, Daily Press and see the article about local assessments on the front page. It will give you some insight as to why assessed values are going up in a down year. You may be able to find the article online at http://www.dailypress.com. If you can't find one, call or send me an email and I'll mail you my copy. You could even pick it up at my office.

In answer to your question about assessed value and asking price, there is no real "rule of thumb". The tax assessment is really NOT a good measure of value for property here. Ask a reputable Realtor to do a market analysis for you. - Sat May 10 2008, 21:10
Joshua Karas, Home Buyer in Arlington

What are the tax consequences for not buying at the end of the month?

Asked Sat May 10 2008, 19:59 by Joshua Karas  -  Arlington  -  Home Buying  -  4 answers
Tom Hiller answered:
Closing on the last day of the month vs the first day of the next month has little tax consequence. It would mean one less day of interest you can write off as an itemized deduction at the end of the year. The main factor in waiting after the last day of the month is how much pre-paid interest you will pay out of pocket at the closing table. Example; Close on Jan 31st , pay 1 day of interest on the full loan amount, make your first installment payment on March 1st. Close on Feb 1, pay 28 days of interest on the full loan amount but your first installment is due April 1st. It's pay me now or pay me later. Some lenders will make exceptions if you close on or before the 5th of the month. You'll just need to talk to your mortgage officer about it. - Sat May 10 2008, 20:16
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Tom works effectively representing the needs of buyers and sellers alike. With nearly twenty years in real estate and his knowledge of the local market, he can help with your real estate needs whether it's new construction, existing housing, or unimproved land.

Don't hesitate to contact him via email or phone at anytime! He will be happy to help you in any way he can.
Certifications & Awards
Virginia Peninsula Association of Realtors:
(Outstanding Salesmanship Awards)
Bronze - 1992, 93, 96, 97
Silver - 1994, 95, 98, 99
Gold - 2006-2007
Platinum - 2000-2005
Ruby - 2001
Diamond - 2004
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