In the case of home equity, it's the difference between
the current market value of your house and the money that you owe on it.
To ensure you have sufficient insurance coverage on your home, it's a good idea to research
the current market value of your house and compare that to the amount of insurance coverage you currently carry.
Take guesses at the current market value — no need to be super precise here, no one really knows
the current market value of your house or car anyway.
Now, I have two questions regarding the tax on capital gain that we should pay, as well as land transfer fee that my dad has to pay: (a) If we give the condo to my dad as a gift or sell it to him for let's say $ 1, do we need to pay tax on the capital gain based on
the current market value of the house?
Not exact matches
The RBC
housing affordability measure captures the proportion
of pre-tax household income that would be needed to service the costs
of owning a specified category
of home at
current market values (a fall in the measure represents an improvement in affordability).
The District has worked with their bond consultants to formulate a bond structure that would increase the amount
of property taxes that a $ 300,000
market value house pays to the Park District by $ 36 over
current levels to retire this new debt.
I'm in a similar situation, but with the way the
market is right now and knowing the
current value of our
house, even with all the updates we did, refinancing wouldn't be an option for us.
Commissioner Stevens asserts that writing down mortgage loans to reflect
current home
values is important for boosting US
housing markets; as long as high foreclosure rates and large numbers
of bank - owned foreclosed properties are available,
housing markets aren't likely to improve.
Toronto has seen spikes in the
housing markets, which means that 6 months old appraisals are not usually an accurate measure
of a property's
current value.
The HARP program offers help to people who are underwater on a mortgage as long as it does not exceed 125 percent
of the
house's
current market value.
For example, you could (1) keep the
house or automobile and the debt (as long as you are
current and continue keeping them
current)(2) «redeem» the automobile (pay it off at it's
current «fair
market value») or (3) return the home or vehicle, and any balance due is included in your bankruptcy and the balance
of the debt is wiped out.
Appraised
value for property is not concerned with
current trends such as a hot or cold
housing market or the motivations
of buyers and sellers.
So if you find a home worth $ 45,000 in the condition it's in, and needs $ 20,000 in repair work, and after it is repaired the
current fair
market value is worth $ 100,000, then typically they can lend you up to $ 70,000, which would cover the cost
of the
house and the repairs.
Most important,
housing counselors say, is a rule that allows heirs to pay 95 percent
of the
current fair
market value of the property — a price that is determined by an appraiser hired by the lenders.
Much, but not all
of the upset in the lending
markets (which, if you look at swap spreads, the
current manifestation
of the crisis seems to be passing — down 4 basis points today), is from deflating
values in
housing.
This metric also known as LTV is calculated by dividing the total
value of mortgages on a
house by its
current selling price in that
market.
The real estate agent should make it known that the sale
of the home is contingent on both VA approval, and the
house being sold at its
current, fair
market value.
As
of 2013, Gazelli Art
House started specialising in Private Sales in the secondary
market, providing professional Valuations for insurance, probate, trust and estates and for the
current market value of single paintings or fine art collections.
The
housing market has been hit hard by the recession, so if your home
value has dropped significantly, make sure you are insured for the replacement cost
of the
house, and not its
current value on the
market.
The Homeowner Survival Guide discusses timely and important issues such as: - Loan Modifications — How to prepare a package that will get lenders to approve - All the options available to help troubled homeowners survive the hard times - Easy to understand analysis
of the
current housing market and
housing bubble and how lenders operate - How scam artists work and how to avoid them - Forecasts on unemployment, the recession, recovery, home
values
The Buyer acknowledges that it is his responsibility to do his own due diligence regarding any anomalies that may be associated with the subject property, such as but not limited to: the location
of half - way
houses, group homes, child molesters, grow
houses, sewage treatment plants, plans for highway expansions, road widenings, locations
of fire hydrants, proposed plazas or other retail property, proposed dump sites and such other issues that may impact future
value (s) of the subject property, beside, behind, in the foreground of, or in any position that may impact value (s), including but not limited to: any change or increase in taxes due to Current Market Value Assessment alterations or changes of any sort, brought about by such situations that may affect the subject property now or in the future, and the Buyer acknowledges that said situations are totally outside the control of the Realtor (s) involved in the transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the Seller or the Listing Agent / Com
value (s)
of the subject property, beside, behind, in the foreground
of, or in any position that may impact
value (s), including but not limited to: any change or increase in taxes due to Current Market Value Assessment alterations or changes of any sort, brought about by such situations that may affect the subject property now or in the future, and the Buyer acknowledges that said situations are totally outside the control of the Realtor (s) involved in the transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the Seller or the Listing Agent / Com
value (s), including but not limited to: any change or increase in taxes due to
Current Market Value Assessment alterations or changes of any sort, brought about by such situations that may affect the subject property now or in the future, and the Buyer acknowledges that said situations are totally outside the control of the Realtor (s) involved in the transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the Seller or the Listing Agent / Com
Value Assessment alterations or changes
of any sort, brought about by such situations that may affect the subject property now or in the future, and the Buyer acknowledges that said situations are totally outside the control
of the Realtor (s) involved in the transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the Seller or the Listing Agent / Company.
«
Current residential
housing values will not significantly increase in the next year due to availability
of foreclosed, financial institutional owned empty
housing that will be slowly induced into the
housing sales
markets.»
73 % Millennial homeowners said they plan to live in their
current home for under 5 years, making them highly susceptible to home
value loss in case
of short - term
housing market fluctuations.
Besides providing you with a comparative
market analysis, an in - depth look at
house values, a rock star agent «knows the
current condition
of the
market and what is a fair price,» says Phillia Kim Downs, a New York, NY, agent.
We wanted to find out how the
current housing market affects the potential
value of staging services, as well as some
of the fundamentals that come with great home staging.