Sentences with phrase «current market value of your house»

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?

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.

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.

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.

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 / Comvalue (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 / Comvalue (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 / ComValue 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.