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Tax savings through cost segregation is no longer out of reach for investors in small and medium size properties. With appraiser expertise, fees for analysis are often one-third to one-half lower than those charged by traditional preparers. Several years ago a definitive court case ruled that tangible personal property included in an acquisition or in [...]

An appraisal is an estimate of the value of a property. An estimate of the value of the property generally refers to its fair market value. The purpose and use of appraisals include transfer of ownership, financing and credit, taxation, condemnation, insurance and many others. An appraiser is typically a state-licensed individual trained to render [...]

When you sell your home, appraisers use comps (comparable market sales) of local properties sold within the last six months to value your home. With today’s rapidly rising seller’s market, six-month-old information is ancient history. Appraised value does not always equal the true market value, or what the home will sell for on the open [...]

People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.Most mortgage applications involve an appraisal, which can be a physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. An appraisal can also be what is known [...]

Most appraisers use three approaches to establish the value of a property. The Sales Comparison Approach is normally considered to be the best indication of value for residential property. Sales Comparison Approach: In this approach the appraiser finds three to four comparable properties in the neighborhood which have recently sold. Ideally, these properties are within [...]

Applying for your first home mortgage at first might seem like an easy process simply because people buy and sell homes every day. However, buying a home is not like buying a new bike, and applying for a home mortgage can be a long and drawn out process requiring a lot of patience and fortitude. [...]

Combining the advantages of apartment occupancy with those of home ownership has long been a dream of urban dwellers, but direct ownership of “condos” has not been easily achieved. Historically, the law allowed landowners to subdivide their land into two or more separate parcels. The owner of any piece of land also owned the building(s) [...]

When you are selling your home, expect a lot of people to “intrude” on your privacy. If your home is being handled by real estate agents, then most of the calls and inquires would be handled by them. If you are selling your home by yourself, then you’ve got a big job in your hands. [...]

To fully understand and grasp Annual Percentage Rate (APR), there are terms to keep in mind. When you finally understand each mortgage term and definition, you can understand the basic concepts of APR. APR is short for Annual Percentage Rate which means true cost of borrowing. The fees below may be included in APR. Points [...]

Anchorage, Alaska, is located in Anchorage County and lies 1434 miles northwest of Seattle, Washington. Anchorage has a population of 260,283. Its residents enjoy outdoor activities like kayaking through Prince William Sound, fly-fishing, skiing, and hiking and a relatively mild climate. Anchorage is a historical and bustling city that serves as the transportation, banking, and [...]