Relief for Florida Home Owners Has Finally Arrived, Find out How the New Home …
This reality has never been more apparent for Florida residents. Florida remains one of the hardest hit areas and so many are still facing depressed home values, and mortgages that don't reflect current market value. But, relief has finally shown its …
Read more on SBWire (press release)
Subdivisions go urban as housing market changes
By Haya El Nasser, USA TODAY Townhouses and single-family homes are sprouting on old industrial sites in the heart of Southern California cities. In Florida, developers are coveting foreclosed golf courses in urban centers to put up new subdivisions.
Read more on USA TODAY
South Florida housing prices are up year over year
Fort Lauderdale realtor Michael Elliott puts a SOLD sign on the shingle outside a home in Wilton Manors. WEB VOTE South Florida home prices are rising again. Do you think the housing market has definitely turned around? Here are how March home values …
Read more on MiamiHerald.com
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How To Value Jewelry From Home Or Work.
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Feds Pay Top Dollar for Flood-Risk Jacksonville Homes
(Source: Steve Patterson The Florida Times-Union, Jacksonville (MCT) — With a ton of Jacksonville houses underwater, you might be surprised where you can still sell a house for a profit: the federal government. Since 2009, a program financed mainly by …
Read more on LoanSafe
Zillow: Healthy rental market good for home values
By Paul Owers March 13, 2012 12:10 PM South Florida rental rates rose in January from a year ago while home values declined over the same period, according to real estate website Zillow.com. The Zillow Rent Index for Palm Beach, Broward and Miami-Dade …
Read more on Sun-Sentinel (blog)
Study: Average Orlando-area worker can't afford fair-market rent by self
By Mary Shanklin, Orlando Sentinel Orlando's now-cheaper home prices have made the area one of the most affordable housing markets in the country, but don't tell that to the area's minimum-wage earners. Like other metro areas in the state, …
Read more on Orlando Sentinel
Rise in Phoenix Housing Shows Path for Other Cities
By NICK TIMIRAOS PHOENIX—As home prices continue to drop in most cities, a nascent real-estate rebound here holds lessons for the rest of the country. This sprawling desert metropolis was one of the hardest hit housing markets during the bust.
Read more on Wall Street Journal
Willow Tufano, Florida 14-Year-Old, Buys House With Money Made Off Of …
In some places, home values have plummeted so far that even a teenager can get into the housing market. And no, that teenager isn't Justin Bieber. Willow Tufano, a Florida 14-year-old, recently purchased her first home, NPR reports.
Read more on Huffington Post
Question by Rog V: What’s better: Zestimate or Total Assessed Value (TAV) in determining the current value of a home?
I know what each is individually, but just wondering what the true difference is between these and what the “real life” use of TAV is, relative to, say, comps (I’m assuming Zestimate is essentially an “appraisal” of sorts that takes into consideration comps). Does it also calculate in TAV? If not why not?. I’m having trouble discerning between these as well as their relative importance. If someone can put these in perspective, I’d surely appreciate it. Thanks.
Best answer:
Answer by Ross
I work in a rural area. For me if I see anything saying assessed value that would have to do with taxes. From what you are saying above a zestimate sounds lick a table top or drive by appraisal, which is a very quick general appraisal compared of other similar homes using mostly comps, no actual appraiser showing up and really evaluating the property. Zestimate sounds like some website offering you that as a way to suck you into other services and send you poop loads of junk mail.
What do you think? Answer below!
Question by jonnyboy: What are your legal rights if the house you bid on a home and the appraisal falls short of your offer?
I placed an offer on a home for 120,000. The seller has accepted my offer, and I am waiting for the appraisal. There is a lot of “cosmetic” damage, and will probably cost $ 10,000 to replace the carpet, paint the walls, and put in a yard. After that has been accomplished, the house would look near brand new.
My concern is that the house will appraise for 10,000 -15,000 dollars less than my offer. When my realtor wrote up the contract, I do not recall “offer contingent upon appraisal” in the contract.
If there is no terminology in the contract that states “offer contingent upon appraisal” and the seller has already accepted our bid, can I break the contract if the appraisal fall short of my offer
Best answer:
Answer by Goofy law student
Granted I’m only a law student, so I’m not positive, but I’ve had basic contracts. I would look to the terms of the contract. If it does not include that term, you’re pretty much locked in, unless you’re willing to break the contract and risk whatever that entails.
Know better? Leave your own answer in the comments!
Las Vegas home values dip for second straight year
"Yes, I know," Stidhum said at her two-story home with mountain views. "I think we're at a place where we're bottoming out and I expect things to turn around. I'm from Mississippi. I can handle tough times and make it through." Home values dropped in …
Read more on Las Vegas Review – Journal
Some Cornelius residents frustrated with appeal process for property tax …
A large number of the appeals came from Cornelius, where some property values increased in value by 70 percent or more. Many people are upset with how the process has been handled. Some of the frustrated residents were at the Lake Norman Chamber of …
Read more on WSOC Charlotte
Fewer Foreclosures Could Mean Lower Home Prices
But what if the current, unique state of the housing market turns that assumption on its head? Foreclosure sales now make up a full one third of the market nationally and far higher percentages in states like California, Florida, Nevada, and Georgia.
Read more on CNBC.com
Home sales optimism
While home prices are expected to dip nationally, they should be flat-to-improving in the San Antonio area. “In general, Texas and the Plains states have been stable throughout the boom and bust,” said David Stiff, chief economist and vice president of …
Read more on San Antonio Express
Southwest Missouri 'best place to be' for a housing comeback
In fact, recently a report stated that sales in the fourth quarter of 2011 were worse than the previous year. However, things could be much worse — the problem is three or four times as bad in states such as California, Nevada and Florida.
Read more on Bolivar Herald Free Press
How Much Is Your Home Worth in Today's Market?
Reports on national statistics and values stated on web-driven companies such as Zillow, Homes.com and Realtor.com are generated from computer-driven models which estimate values. These are many times “off” the true value of the home by thousands of …
Read more on Queens Courier
Kirin Forecast Misses Estimates on Australia, Japan Declines
10 (Bloomberg) — Kirin Holdings Co., Japan's largest brewer by market value, forecast 2012 earnings 23 percent less than analyst estimates as falling sales in Australia and Japan crimp profitability. Net income may reach 48 billion yen ($ 618 million) …
Read more on BusinessWeek
Mortgage deal is broadest action taken
Their mortgage debt will be cut by thousands of dollars in the broadest effort yet to help borrowers struggling to make payments on homes that have plunged in value the past five years. Given that homeowners owe an estimated $ 700 billion more on their …
Read more on Tucson Citizen
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