Home Equity Your Ace In The Hole

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Almost 15 years ago, you bought your first home. You’ve been diligent in working and paying on the mortgage, and finally have more equity than mortgage. Ah, the sweet smell of victory, and home ownership. But are you playing the financial investment game as well as you think? Are you missing out on tax savings, […]


Appealing Business Personal Property Tax Assessments In Texas

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“Collecting more taxes than is necessary is legalized robbery.” These words of wisdom, spoken by the 13th president of the United States, Calvin Coolidge, still ring true in today’s society for homeowners and business owners. Robbery may seem like a harsh word, but what would you say if someone tried to sell you one-year-old motel […]


Don T Rely Excessively On Appraisals

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Getting an appraisal on a home is a fundamental aspect of making a purchase. While appraisals are certainly helpful, you should not put too much stock in them. Don’t Rely Excessively On Appraisals An appraisal is a valuation of a property by an independent appraiser. The appraiser does an evaluation of the home, considers the […]


Real Estate Appraisal Do It Yourself

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For single family homes, there are two basic methods used in real estate appraisal. They are replacement cost analysis, and using comparable sales. A third appraisal method, based on capitalization, is used for income properties, and is covered in another article. In figuring replacement cost the question is: What would it cost to buy this […]


Appealing Property Taxes For Apartment Owners

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Property taxes are one of the largest line item costs incurred by apartment owners. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government which can’t effectively be appealed. It tends to […]


Appraisal Valuation Of Subsidized Housing

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The purpose of this article is to analyze valuation methodology for several atypical types of apartments. Various circumstances and situations can cause an apartment complex to have above-or below-market rental rates, occupancy rates and operating expenses. This analysis examines the following two situations: 1. low-income subsidized apartments, which receive above-market rental rates from HUD or […]


Preparing For Appraisals Contracts And Comps

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You’ve sold your home and are getting ready for the appraisal. Here’s how contracts and comparable home sales impact the appraisal. Your Contract One of the indications of value an appraiser takes into consideration is the contract that exists between unrelated parties for the sale and purchase of the home. As odd as this may […]


Why You Need To Get A Professional Appraiser

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In the world of commercial real estate, not all appraisers are considered equal. It takes a certain expertise and knowledge to correctly appraise commercial property, and not just anybody is qualified. There are two types of appraisers, a fee appraiser and a staff appraiser. A fee appraiser is generally available to the public for hire, […]


Real Estate Appraisal Rental Properties

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Real estate appraisal for rental properties isn’t the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Therefore, a market analysis using comparable sales isn’t normally used. It is also not ideal to use replacement costs either. […]


Valuation Of Business Personal Property Bpp

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The huge range of assessed value for business personal property (BPP) makes obtaining substantial property tax reductions highly probable. It is not unusual for the range of assessed value for BPP accounts for similar properties to vary by 5,000%! For example, furniture and computers for companies within the same office building sometimes vary from $1 […]


Real Estate Valuation

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Real estate valuation for single family homes is typically done by using comparable sales. With income properties this just doesn’t work well. Imagine if you are looking at a 24-unit building. It would be difficult to find similar ones nearby that have recently sold. It’s also not ideal to use replacement costs for income property […]


Employee Performance Appraisal 5 Steps For The Ideal Assessment Form

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Conventional wisdom says that there’s no such thing as a perfect employee performance appraisal form. And with so many sorry examples of appraisal forms around, conventional wisdom might almost seem correct. It’s not. There is an ideal model for the employee performance appraisal form. And getting the form right is essential to effective employee performance […]


Employee Performance Appraisal An Ideal System

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In America’s best-run and most-admired organizations, employee performance appraisal is a vital and vigorous management tool. No other management process has as much influence on individuals’ careers and work lives. Used well, employee performance appraisal is the most powerful instrument that organizations have to mobilize the energy of every employee in the enterprise toward the […]


Appealing Taxes For Your Home The Basics

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Property taxes are a substantial expense for Texas homeowners, averaging about $3,600 annually. To reduce this expense, property owners should annually review and consider appealing property taxes. While there is no guarantee that an appeal will be successful, a recent survey conducted by O’Connor & Associates indicates that 70% of property tax appeals are successful. […]


Appealing Your Property Taxes For Apartment Commercial Owners

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Property taxes are one of the largest line item costs incurred by apartment owners. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government which can’t effectively be appealed. It tends to […]