Tag: Home Value

Posted on 10/15/2023
How home additions increase property value
Thinking of selling your home? Perhaps your life is...
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Posted on 07/16/2023
Financial real estate terms buyers should know
The more real estate terms you understand, the more...
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Posted on 11/20/2022
Ad valorem tax, millage rates & more: Key terms to know
Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...
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Posted on 04/18/2021
How is Fair Market Value Determined?
Image by Andrey Popov from Shutterstock The term "fair market value" is the price at which an interested but not desperate buyer is willing to buy and a motivated but not distressed seller is willing to sell on the open market in your location. The set value depends on recently sold similar-sized homes with like amenities, upgrades, and...
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Posted on 09/29/2019
Is Your Residence Worth Less Than You Originally Paid for It?
Let's face it – determining how to price a home is rarely simple for a seller. In some instances, your home may be worth less than you originally paid for it. Ultimately, if you failed to maintain your house over the years, various home problems may crop up when you decide to list your residence. If these issues go...
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