Posts tagged ‘Property Market Value’

Lowest US Home Values

Trying to find home value? Wonder what your house is worth? Obviously, there is an assumption that bad inner city areas across the country have the lowest property values. I’m going to assume that you’re looking for information on what regional areas or locations in the country have low property values.

So if you want to answer “Where are the lowest property values in the U.S.?” you will definitely need to do a little research on the internet. According to data from the Census Bureau, seven states in the South have low median home values. Here is a ranking of the five states with, traditionally, the lowest median house values:

  • West Virginia
  • North Dakota
  • Mississippi
  • Arkansas
  • Oklahoma

You can catch low property values on the news, but often news coverage has a national slant. If you’re looking for specific home values in your area and not across the entire U.S., real estate agents always have the best information on home values in your area. Connect with one of them to determine your house appraisal value and whether or not now is a good time to sell your house.

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October 30, 2008 at 4:00 pm 1 comment

CMA Software for Real Estate Value

You can find lots of CMA toolbox software with support on the internet. CMA software is something that you will want to use if you want a better idea of discovering what your house is worth. There are actually some CMA software products out there that you can purchase that will not cost much at all. That way, you will always have your own CMA software on hand for personal use.

Use these tools at any point in time to find your home value or other homes are currently worth. These will also usually work on all types of computer systems.

CMA software is fairly simple to use. Fill out a form with some important information regarding the house you are inquiring about and the actual area it is located in. The CMA software will do all of the value estimating for you and let you know your home’s current market value.

Not comfortable using a computer? Connect with a real estate agent and they can determine the property value of your home. There are books with listings of homes currently for sale and also recent homes that were sold and their prices. While not nearly as accurate as using CMA software, it will give you a round about figure to go on.

October 29, 2008 at 11:00 am 2 comments

Florida Save Our Homes Act

Florida’s Save Our Homes Act is an amendment that was added to this state’s constitution 13 years ago. In short, the Save Our Homes amendment holds firm (within 3%) a property owners’ taxes year-to-year, regardless of property appreciation.

The Save Our Homes Act says the assessed taxable value of a home will not increase more then 3% of the percentage change in the consumer price index, per year. When you sell your property, the home’s assessed value returns to market value in the following year. This new market assessed value then becomes the base value for taxation.

I’ve never lived in Florida and am not an expert in real estate legalities from state to state. Florida residents looking for expert advice on how the Save Our Homes Act should consult a real estate agent or professional legal counsel.

October 10, 2008 at 4:00 pm Leave a comment


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