Real Estate Tax Value Challenge
In Ohio, every 3 years all 88 counties are required to update real estate values and consequently adjust tax amounts. Homeowners dread these because the taxes always seem to go up. However, they can actually adjust down as they did after the Great Recession. The county is looking at recent sales in
Real Estate Home Warranties Explained
You can think of a home warranty as an insurance policy for the mechanical systems in your house like HVAC, plumbing, electrical, appliances, etc. Not to be confused with homeowner’s insurance which covers your home against perils like fire, wind, falling trees, water etc. A home warranty lasts f
Appraisal Under Value, Now What?
When a real estate appraisal comes in under the agreed upon sale price we call it, a short appraisal. As in, ‘short’ of the value it needs to be. It can be a showstopper because the bank will only loan to that amount and the deal is in jeopardy. What now? There are 5 options with a short appraisal.
Categories
Recent Posts
