Multiple Listing Search Resources

List Home - Search for Multiple Listing Brokers and Local Real Estate Agents


     

Areas of Adjustment for Property Tax Reduction

     The value of residential real estate is estimated by comparing the subject with similar properties that have been sold recently. First start by looking at your own neighborhood to find comparable sales or properties in similar neighborhoods that share similar characteristics of lifestyles, income level of residents, surroundings, average age and home values.

Categories of Compatibility Ranked In Order Of Importance:

  • similar neighborhood
  • total square feet of living space
  • number of rooms, bedrooms, baths
  • sold preferably within 4 months
  • sales price within general market price of your home
  • sales or financing concessions
  • location
  • quality of construction
  • style of house
  • age of house
  • condition
  • square footage
  • property site and view
  • functional utility (deficiencies or overbuilt features)
  • number of garages
  • swimming pool, fireplace(s), remodeled kitchen, kitchen equipment, etc.
  • storm windows or replacement window or thermopane windows
  • basement i.e. finished, unfinished or none
  • deck, patio, porch, etc.
  • landscaping
There are four basic phases involved in determining the value of your home::
  • Selecting the appropriate comparable data
  • Recording and analyzing data from your property and potential comparable properties
  • Developing reasonable adjustments based on market data
  • Applying your findings from comparable data to your property

     You'll concentrate findings on comparable sales that have characteristics similar to those of your own home.    In order to have valid home appraisal values, all you have to do is find 3 or more homes that sold recently having amenities and characteristics similar to yours. You'll have to search and determine the best three in your home analysis.

Additionally, property valuation advice can be taylored and provided for the following purposes:

  • Mortgage valuations; and valuations for general loan security purposes
  • Valuation advice on sale or purchase
  • Valuations for general taxation purposes
  • Matrimonial valuations
  • Probate valuations
  • Management rental valuations and rent reviews
  • Leasehold Enfranchisement

 


 

MultipleListingSearches

Selling Your Home

Home Search Resource

Finding a Real Estate Agent

Mortgage and Financing

Loan Calculator

Apartment Rental Search

Foreclosures

For Sale By Owner

Property Tax Appeal Info

Mortgage & Refinancing

 

 

Helpful Resources