2021 | Matt Ramey, Real Estate Agent - Date Archive - Part 12

2021

Lenders require appraisals because they can’t lend out more money than a home is worth. If the appraised value comes back lower than your offer, you might have trouble getting financing. Be thoughtful about your offer and consider contesting the results of the appraisal if you believe the appraised value is too low. #conceptblog

Lenders require appraisals because they can’t lend out more money than a home is worth. If the appraised value comes back lower than your offer, you might have trouble getting financing. Be thoughtful about your offer and consider contesting the results of the appraisal if you believe the appraised value is too low. #conceptblog View on...

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Remember to also look at each home’s property tax history, which should be available as part of its listing. That way, you’ll get a sense of how often taxes tend to go up in that neighborhood. Some towns reassess homes on a yearly basis, and if you move to a town that employs that practice, your taxes have the potential to increase annually. Granted, they could also go down if home values drop one year, but the opposite is more likely. #conceptblog

Remember to also look at each home's property tax history, which should be available as part of its listing. That way, you'll get a sense of how often taxes tend to go up in that neighborhood. Some towns reassess homes on a yearly basis, and if you move to a town that employs that practice, your taxes have the potential to increase annually. Granted, they could also go down if home values drop one...

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