Assessed Value is the value typically determined by the taxing authority that is used to determine the taxable value of the property which determines how much you pay in property taxes, Please note that are other factors usually involved and this calculation can vary by County/State/Etc. Market value is the amount a typical buyer is willing to pay which can be higher or lower than the appraised value however many consumers and pros alike use the word market value interchangeably with appraised value. which is also technically correct. In most cases the assessed value will be lower than the "market" or appraised value however not always. For more details I recommend you contact the county/state taxing authority for the particular property to get the specifics for that home. I am NOT an Attorney or Realtor, currently I only offer loans in Florida for more info I suggest you speak to a licensed professional in your area. Hope this helps, God Bless. Psalm 20:4... more
It depends typically if you are applying for a loan your Realtor should include a financing clause/contingency in case you do not get approved for a loan. Most contracts I have seen include one by default however if the buyer negligently delayed the loan process or did something to cause the loan to be denied (for example: quit their job during the process) the seller may still be entitled to or make a claim on part or all of your deposit. I am NOT an Attorney or Realtor, currently I only offer loans in Florida. Laws and contracts also vary by state so for more info I suggest you speak to a licensed professional in your area. Hope this helps, God Bless. Psalm 20:4... more
I have only been full time in real estate for less than 6 months and have come a long way. It is aggravating and angers me constantly to see the lack of time/ effort realtors put into marketing people's homes on mls/ Zillow. There are so many bad seeds or just realtors that don't have a good eye / are too impatient to create a super visually appealing platform. Sellers should be asking to view the mls and critique. If there is only 4 pictures and they are poor quality , what are you paying a realtor for? Granted the majority of people in society are average , few are below and few are above. Realtors are not the enemy , it's just the majority will just do average work and be in it for the paycheck just like half the co workers you know. I may be inexperienced and not have all the answers but I did sell the first condo I listed only 4K below asking price and had it under contract in 17 days. My listing was most viewed on Zillow for that range . The others couldn't compete. The difference is despite my lack of experience I cared more and had the eye / intelligence to create a informative , well written and attractive mls. The seller should ask to see the realtors past rental / home listings before hiring them. The homes and rentals that go the fastest are the ones that are marketed well and also priced fairly , not below and not too above market value. Now if your home has way more upgrades than the others that of course needs to be taken into account and it should be listed higher. And proof should be supplied as to the costs of the upgrades to show to potential buyers questioning your price point.
Typically this means that there is currently a contract in place however the buyer has not yet closed so there is a chance that this property may come back on the market if the buyer backs out or say they do not obtain financing if they are applying for a loan. I am NOT a realtor, currently I only offer loans in Florida for more info I suggest you speak to a licensed professional in your area. Hope this helps, God Bless. Psalm 20:4... more
655, this score will Qualify. Each loan broker has a different scoring system.
Remember to pay off amounts over six thousand first.
FICO, FICO, FICO.
Give it thirty to forty five days before it will change your payment and debt record.... more
I'm not a realtor however we retired in Florida and although a pool is a nice bonus we have found that being retired, it was not a plus. The upkeep, maintenance and additional costs like electric, water. .. We decided against it. It depends on where you live and who the area caters to. Unless you have money to burn, it adds little. .. The pool homes here where we looked were cheaper.... more
I have a private room available in my brand new, never lived in, 4 bed/4.5 bath condo at the West End for that time period. It is $600 per month plus 25% electric bill. Water, sewage, garbage, cable and internet is included. The entire condo is fully furnished so you only need to bring personal items. My daughter currently attends Ole Miss. Please email me at email@example.com for pictures and info.
Mrs. Kelly... more