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Market Conditions in 75098 : Real Estate Advice

  • All29
  • Local Info4
  • Home Buying12
  • Home Selling1
  • Market Conditions3

Activity 3
Tue Nov 6, 2012
Pardeepkaurkw answered:
I have lived in Wylie for six years and I wouldn't want to be anywhere else. This city has great investment opportunities. I would love to get in touch with you and discuess this furthur. Feel free to contact me by email or phone.
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Wed May 27, 2009
Melissa Hailey answered:
What I would recommend is that you have at an area Realtor provide you with a Free Comparative Market Analysis (CMA). This CMA will show you what homes in your neighborhood are selling for, how long they have been on the market, and what your competition would be. The Realtor should also be able to provide you with a preliminary Net-Sheet which will show you what other closing costs you are likely to incur so that you can determine if selling would be a financially sound decision for you or not.

Additionally, you can ask the Realtor to provide you the CMA for the lease homes in your area as well. This way, you can weigh all options to determine the best route for you and your family.

The North Texas Top Team Realtors are the top Realtor team at Coldwell Banker Jane Henry Realtors (on FM 544, by Wylie High School) and we would love the opportunity to provide this free information to you. If you have any other questions, or would like this free information, please feel free to contact us directly.

Melissa Hailey
Coldwell Banker Jane Henry Realtors
North Texas Top Team Realtors
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Wed Apr 15, 2009
David - Appraiser answered:
You need to contact an appraiser licensed to do appraisals in the State where the property is located. I would suggest you contact a Certified General Appraiser since what you seem to be needing is two retro appraisals, for two seperate dates, for the Fair Market Value when sold and DOD Value, on the same property for possible estate tax purposes.

It may be possible to find the values you are looking for in the documents associated with the deceased by contacting the executor, or whomever handled the estate at that time. There might have been an appraisal (or some sort of valuation determined) for the DOD value of the property, or for the distribution/disposal value for when the assets were distributed to the heirs. When the property was sold, there might/should have been an appraisal done on the property for the sale/purchase transaction which you might be able to obtain from the seller or buyer or someone directly associated with the transaction, if an appraisal was done.

If an appraisal was done when the property was sold, and you can get a copy of it, I would highly recommend you have it thoroughly reviewed for accuracy. In most areas, the height of the real estate "boom" was in 2006 as was the start of the decline. Many markets were exposed to a variety of fraud acts which included inflated values of real estate, which could be a factor in determining if estate taxes might be due or not, and if there is any due it could be a factor in the amount owed.
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