That can be a complicated answer on how to determine how that value is reached. Sometimes with new construction they will use the sales price...with older homes it can be based upon a dollar per square foot of living space. Here in the Raleigh area, it amazes me sometimes when I look at property tax records and see the appraised amount for taxes. I actually was told in a class once that for a while, homes were simply driven by an a tax value placed on the home by a tax adjuster simply based upon how big/nice/whatever the home looked from the outside. Tax values at least here in NC are only recalculated every 8 years and then slid up or down by some scale based upon the economy. So that's the best naswer I can provide....nothing scientific about the process. The other thing ....once assessed, they are typically open to adjusting it downward if you think it is high as long as you can provide proof such as comps from surrounding homes of like size....again a thing here.... more
It is a good idea. But, there are several things you need to know. For one example, some Condo associations no longer allow investors to buy properties in their association. You have to be sure where you are looking will allow you to buy then lease that property. If you want, you can call me and I can give you all of the details.
Comey & Shepherd Realtors
(513) 252-1408... more
Here's Mason's website where you can find special services they offer. http://masonohioschools.com/ And also the website for the high school http://www.masoncomets.org/ Please let me know if you need further information. I am happy to help!... more
Ron, fyi, pre-foreclosure, around here, is not synonomous with "short sale." Short sale assumes it's actually for sale, pre-foreclosures, many times, are not for sale and won't be. Just an FYI.... more
If a home is on the market then it's there for you to present an Offer to Purchase! When you state the "house is in foreclosure," does this mean you have found a home for sale (on the market) that is a foreclosure or does it mean you have knowledge of a home in foreclosure?
If it's the former, then have your Realtor prepare a written Offer and begin the negotiating process. If it's the latter, then you won't be in a position to buy the home until the bank (or some other entity) buys it at auction and puts it on the market.
An important note about foreclosures: the "Asset Manager" at the bank that owns the home may have a bottom line number she needs in order to sell the home.
I have noticed of late that Asset Managers have become slightly more flexible when negotiating with Buyers. Some banks are actually effecting minor repairs in order to facilitate a Purchaser obtaining mortgage financing. HIstorically foreclosure properties have sold to all-cash buyers. But with a large inventory of foreclosed homes, and the fact that cash investors will only buy with a substantial discount off list price (because they're paying cash), I believe that more Asset Managers are realizing they need to be more flexible with Buyers obtaining mortgage financing.
Put your best foot forward, make your Offer and begin the negotiating process.
If you thought my answer was helpful, please give me a "Thumbs Up." Thanks!... more
I know this is a late answer to your question but, there are currently two different listings still active and two others under contract. Let me know if you're still looking.
Sibcy Cline Realtors
Historically single family homes have had better appreciation. Right now condos are not moving quickly in this area. Significant price appreciation isn't exactly right around the corner for either type of property
I'd focus on what type of property fits your specific needs best.... more
First things first, make sure you pay the right price now. Shop around, and find an agent that can help you negotiate with the builder. It won't cost you a thing, and they can answer any further questions you may have about other issues pertaining to your next home.
In a few years you'll be able to fish, you won't even have to drive back up to Lake Erie. I'd probably be more concerned about being the first home on the street, or next to the main road. Although, I can't tell exactly where this lot is from the description.
Bottom line the pond won't negatively affect your value, if anything it will give your home the appearance of having a larger lot.... more
Sounds like the Investor may be "hoping" to buy the property cheap at the Sheriff sale and then turn and sell it to you. Some investors call this wholesaling. You can also go to the Sheriff's sale and bid on the property yourself, you may get a better deal. Just make sure you inspect the property, do a search for liens, clear title, etc. If you have decent credit you can go to a small bank and get a Surety bond which is basically the bank guaranteeing the Sherriff that the property will be bought. Warren County requires that you put down 10% at the sale, which the small bank may be able to help you with. The bank will want to know what the highest amount your going to bid along with what the property is worth.... more
Right now is a GREAT time to buy! You need to take a look at your lifestyle and needs when deciding to buy a townhome or single family home anytime you make a major purchase. The wrong purchase, no matter how good a deal, is generally never going to be right.
Your price range will also help dictate the best bang for the buck. It is a large area and a good choice of properties in all price ranges. Remember, a great property that is priced appropriately will generally sell quickly and not be subject to low ball offers.
Hope this helps and would love to help you in your search!... more
Corner lots are both good and bad. Privacy from neighbors on all side leads the good. Traffic noise and possible screeching of tires at a stop sign are bad.
Also, statistics show corner homes are burglary targets because there are usually two ways for the bad guys to escape from (i.e., two streets). Right behind corner lots are homes on a cul-de-sca where the rear of the home is obscured from public view.... more