Did your property taxes go up this year? You may have grounds for an appeal.
According to the National Taxpayers Union, as many as 60% of properties in the U.S. are assessed at a higher amount than their current value.
The First Step:
Obtain your property information from the assessor's office. You want to know what information the county assessor used to get your properties value. Double check to make sure the county has your information correct. You'll want to check square footage, lot size, number of bedrooms, etc. If any of this information is not accurate, you have grounds for an appeal.
Visit your county website to obtain your property information they have on file.
Charleston County Real Property Search - CLICK HERE
Berkeley County Real Property Search - CLICK HERE
Dorchester County Real Property Search - CLICK HERE
The Next Step:
Obtain a free market report from our website. Once you obtain your real estate market report you can view all of the homes that are active on the market for sale, pending a sale, and closed properties. This will allow you to compare your home to the other homes in your neighborhood.
CLICK HERE for your free market report.
The Appeal Process:
Visit your county assessor's website and view 'How to appeal my property assessment', and frequently asked questions. Some counties will want an appraisal, and some will want a market evaluation from a REALTOR®. It all depends on the county, and what information you are trying to appeal.
HomeGate Real Estate® can provide you with a letter stating the value of your home, how we arrived at the value, and we will include sold comparables to back up our results.
For more information, you can reach us at 843-800-8571 or by email at email@example.com
Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible.
This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).
Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.
Realtor.com gives this advice:
“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”
This, too, may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.
A new study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.
In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:
“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”
The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.
Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.
Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018.
Last week’s Freddie Mac Primary Mortgage Market Survey revealed that interest rates for a 30-year fixed rate mortgage haveThis is great news for homebuyers looking to purchase and homeowners looking to refinance.
The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home.
Let’s take a look at a historical view of interest rates over the last 45 years.
Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.