Property taxes are calculated on the assessed value of a home. It is the dollar value of your property that is used to calculate your property tax bill. This value is determined by a professional appraiser or municipal property assessor, and is usually a percentage of the fair market value. While these values are not the same, they are very close in meaning. In addition to determining your property’s value, the assessment of property tax services and savings in texas also determines the value of your property for loan purposes.

Disputed assessments affect your mortgage payment

The amount of your property tax bill may be more than you actually owe. Whether you owe less than you owe, or more than you can afford, the amount you owe is based on the assessed value of your home. In order to receive a reduced assessment, your property must be worth more than similar homes in your neighborhood. However, you can still appeal an assessment if you believe that the value of your property is incorrect.

While a lowered assessment may decrease your mortgage payment, it might not have a direct impact on your mortgage payment for a while. Your lender usually reviews escrow accounts once a year and adjusts escrow contributions accordingly. If the value of your home has fallen below the assessed value, your lender may wait until you receive a lower tax bill before adjusting your contribution. Otherwise, a lowered assessment could increase your mortgage payment.

Buying a home in a high-tax area

Property taxes vary widely from county to county, and may be as much as 20 percent of the total mortgage payment. Buying a home in a high-tax area may be worth it for many people, as it allows them to live in a higher-quality school district. However, some people are uncomfortable with the additional burden that the higher property taxes can put on their monthly mortgage payment. Here are some tips for buying a home in a high-tax area.

First, understand the impact of property taxes. Some property taxes may be more than the mortgage payment, so make sure you fully understand how your monthly property taxes will affect your budget. Fortunately, refinancing is an option that can reduce your tax liability. If you find a low-tax neighbourhood with a high-tax rate, you may be able to negotiate a lower monthly mortgage payment through refinancing.

Second, calculate your property taxes. The amount of taxes you pay is based on the current assessed value of your property, and the tax rate for that area. Property taxes calculators, can help you estimate your property taxes. After you know how much your taxes are, you can begin to compare them with other areas in your area. The difference is significant, and you can avoid a high-tax neighbourhood by being aware of your property taxes.

The post Tips to find out best info on Property taxes first appeared on Cardinal Property Care.

The Top 5 Trends in Real Estate

1. The top trend in real estate is the increase in online services. More and more people buy and sell property online through websites and apps. This has made the process easier and faster and has opened up the market to more people.
2. Another trend is the increasing popularity of tiny houses. More and more people downsize and live in smaller homes, which require less maintenance and are more affordable.
3. Another trend that is becoming more popular is the use of technology in real estate. This includes things like using drones to take pictures of properties and using virtual reality to show potential buyers around a property.
4. There is an increasing trend in the use of IoT in real estate. This is where devices are connected to the internet and can be controlled remotely. This can include things like security systems, lighting, and heating.
5. The last trend that we will mention is the rise in popularity of green and sustainable homes. This includes things like solar panels, rainwater harvesting, and using recycled materials. more and more people are looking for homes that are environmentally friendly.

There are many other trends happening in the world of real estate, but these are the top and most important ones to know about. If you’re thinking about buying or selling property, make sure you’re up to date on the latest trends so you can make the best decisions for your needs.

More Trends to Know About

If you’re in the market for real estate services, it’s important to know the latest trends. So here are a few things you need to know:

The average home price is on the rise. According to the National Association of Realtors, the average existing-home asking price for all housing types was $269,600 in March, up from $259,100 in February. This is the 89th consecutive month of year-over-year price gains.

Inventory is tight. There was a total of just over one million homes available for sale in March, which is down from last year’s number of almost two million. This lack of inventory is causing prices to rise.

All-cash sales are still popular. In March, all-cash sales made up 26 percent of transactions, which is down from 29 percent last year. This is likely due to the fact that investors are still active in the market.

The Final Word

As you can see, there are many trends in real estate that you need to be aware of. These trends will help you stay ahead of the game and be able to provide the best possible service to your clients. So stay up to date with these trends and you will be sure to succeed in the real estate industry. Thanks for reading!

The post The Latest Trends in Real Estate: What You Need to Know first appeared on Cardinal Property Care.

Everett Real Estate Prices By Property Type

Everett’s median condo sale price of $406,896 is significantly lower than Boston’s median condo price ($698,313), and well below the average for all metro suburbs ($599K).  The data suggests that condo and multi family sales are the norm in Everett.  Out of the 247 property sales from the past year, 141 of those were for multi family homes in Everett and the remaining 106 for condos.  Single family did not record a single sale in the past 365 days in Everett.

So if you’re searching for homes for sale in Everett, expect to see a mix of both multi-family properties as well as condo units within multi-family properties.  Everett condos and multi families are priced affordably even when compared to other suburban neighborhoods.  The median sales price for multi-family homes for sale in Everett is $795K in the past 12 months, which is the 9th lowest median for multi family properties out of all 50 neighborhoods in Metro Boston.

Everett Real Estate Prices By Property Size

If we break down Everett’s median sale prices by property size, we see much of the same.  Both 1 and 2 bedroom properties in Everett have a median sales price under $450K.  There are only 8 other areas out of the 50 neighborhoods closest to Boston where the 2 bedroom median price is under $450K.

Based on these figures, Everett appears to be a great option for an investment in Boston.  Prices are among the lowest in the metro area and it’s a short 20 minutes drive into the City.  Prices will likely go up in Everett as many home buyers become priced out of other metro markets when interest rates rise later this year.  All MLS data provided by Boston Pads.

The post How Much Does Real Estate Cost in Everett MA? first appeared on Cardinal Property Care.

In this article, we will discuss six reasons why you should live nearby Bangkok’s BTS Skytrain and MRT Subway stations.

Quick and comfortable travel

Instead of riding a car and getting stuck in a traffic jam, taking the BTS Skytrain or MRT subway will save you so much time. This means you do not have to be constantly in a rush and you have more time to rest. By living near a train station, you can just walk your way to a convenient public transportation ride.

Less travel costs

If you live close to a BTS or MRT station, you can easily travel around the city without having to own a car and calling a taxi. This lets you save a lot of money since travelling via public transportation is more affordable than paying for petrol or taxi fees.

Even if you own a car, living near a  BTS or MRT station is still a good idea since it gives you the option to use the train to go to work comfortably and at the same time drive out of the city to visit your family or enjoy a weekend trip.

Easy access to facilities

Every BTS and MRT train station is surrounded with many facilities, such as local markets, malls, supermarkets, shops, restaurants, cafes, and banks. Therefore, living in a condo near these train stations will give you easy access to all those facilities.

For example, if you live in a condo near MRT Rama 9 (คอนโด MRT พระราม 9), you’ll be right next to Central Rama 9, Lotus, and office buildings like G tower. If you are staying near Lumpini MRT, then you can easily go to  Lumpini park where people go for an evening run or other exercises.

High demand

Compared to other condominiums, those near  BTS and MRT stations are highly sought for, especially those that are near the heart of Bangkok city. Such condominiums can offer the city life that most people want, so their property value will surely continue to rise, making them a great investment. So whether you are looking to sell such condominiums or have it rented in the future, you will definitely get a better price for it compared to condominiums that are located far from a BTS and MRT station.

Safer

When you have to travel to Bangkok city and live far away from a BTS or MRT station, you would have to ride a motorcycle or walk in dark, small alleys. In contrast, when you live near a BTS or MRT station,  your routes will always be well-lit and full of people, making travel safer.

For example, condos near MRT Rama 9 are surrounded by many small communities and have quick access to motorcycle and taxi services. Therefore, if you need to travel, you can safely walk to the train station or avail of the said transportation services.

Great city view

If you live in the middle of the city,  near a BTS or MRT station, you get a fantastic view of Bangkok’s skyscrapers from your window. In further locations, on the other hand, your condo would likely be surrounded by big construction sites, which would mean you would have to endure daily air and noise pollution.

Easy access to important landmarks

• BTS and MRT stations are situated near many important landmarks, such as:
• Bangkok Art and Culture Center – National Stadium station
• Siam Center – Siam station
• Central World – Chidlom station
• Terminal 21 and Korean town – Asok station

International cafes, parks for sports and exercise – Prompong stationAs you can see, there are so many reasons why it is ideal to buy or rent a condo in Bangkok near a BTS or MRT station. While such a condo will be more expensive than those in further areas, it offers all of the abovementioned benefits.If you are ready to search for a condominium near a BTS or MRT station, check out DDproperty.com; you will surely find the place where you can  stay and enjoy a comfortable life!

The post Six reasons why you should stay nearby Bangkok’s BTS and MRT stations first appeared on Cardinal Property Care.

The first section will give you hacks that can save you money, and the other will tell you how you can get leads for the best apartments for you.

Hacks that can save you money

• Do you have an apartment budget? If not, you’re in for a big surprise. Come up with a concrete budget that you absolutely will not go over. Be sure and write it down. This will help you narrow down your apartment options as well. If you see an apartment you like but it’s too much, cross it off your list. That one is just too expensive. As easy as this sounds, many renters have a hard time staying within their apartment budget.

• Ask the leasing agent how much utilities are; including electricity, gas, and water. They are probably not included in the rent. How much on average it will run for you in a month? Remember that in the summer month you will turn up your a/c unit. Expect larger expenses during June, July, and August. If you can, ask a tenant what their rent bills are. They actually live there. The landlord probably doesn’t!

• If you can, rent in the Winter. Did you know that many apartments will run specials and deals during this time. Foot traffic in the communities usually dies down during these times. Its a great opportunity to pick up a unit with a month’s rent absolutely free.

• Pet owners, apartments are now charging fees for pets that will add up; and in many cases put you over your estimated apartment budget. Some apartment complexes will have a non refundable $200 deposit. On top of that, some communities are charging $15-$25 dollars in monthly pet rent as well. Be sure and ask the leasing agents if any dog breeds are prohibited.

• Does your furniture fit inside your new apartment? Be sure and bring a tape measure with you when you tour. If it’s too big, you might have to buy a new bed or furniture pieces. Sometimes rental homes have narrow doorways making it nearly impossible to bring in your stuff. This will cost you additional money if you’re forced to purchase new furniture.

• Many apartment complexes will have black friday specials! Most people aren’t even aware of this little hack. And these apartment specials are literally incredible!
• Ask your leasing agent about deals on vacant units! These are the ones that apartment managers tell their leasing staff they need to move fast.

Hacks that can get you leads for potential apartments.

• The number one hack that you can afford. Ask your friends what apartments they recommend. You can do it in many ways. You can either ask them directly, or put out a post on Facebook or Twitter. You might be surprised at the feedback you get, and how quickly it comes in. The benefit of doing apartment hunting like this is that you can avoid bad deals. Instagram is also a big avenue. This is great for photos!

• Go onto the internet and just do a Google Search. We live in the age of information, and there is no limit to what one can learn or know at the fingertips. Google your apartments and generate leads from there. The best thing about using a web service like google is that it allows you to narrow down your results by city and neighborhood. Plus many renters will leave actual reviews of the apartment communities

• Us an apartment locator. Not sure what this is. Many big cities like Houston and Dallas have real estate agents that find apartments for people. It’s a great service for renters because its 100% free.

• Go Remote. Checking out neighborhoods is another way of hunting for apartments. You can stroll into neighborhoods and look out for signs that say “for rent” You can also ask people in the neighborhoods if they know any place for rent. This is apartment hunting, literally. These types of apartment listings won’t be online.
• Many times renters won’t pay attention to listings without photos. They just scroll over them online. Don’t fall into this trap. This just means the landlord or apartment manager is a little lazy.

So, these were are of the hacks and tricks that you can try for your next apartment hunt. Look for reviews. You can find it online or from the people in the neighborhood. It will help you avert possible dangers and fraud. It will bring to the notice things that you might miss on your tour of the house, with that, happy hunting folks.

The post Apartment hacks that save you time and money first appeared on Cardinal Property Care.

This is only one of many things that a licensed agent can do to help you. A realtor can also help you with showings during the week. They will be able to point out the best selling points of your home and offer suggestions for addressing any concerns. They will work with the buyer’s agent to sell your home.

Selling a house is primarily about the negotiations and showings. Before the selling process can begin, it is important to properly stage your home and take photos of the property for the listing. The agent will handle this work. You can also save time by having your agent complete all necessary paperwork. The entire process of selling your house requires a lot of paperwork. You should expect to spend a lot of time if you decide to go FSBO. According to the National Association of Realtors (NASR), houses that were listed by a realtor sold on average twenty days earlier than those with FSBO listings.

Save Money

It might seem like you will save money by listing your house as a property for sale by owner. Although it is true that realtors charge fees for listing your home and selling it, studies have shown that homes that were sold by agents had a higher sale price than those that were sold FSBO. There will be associated costs such as the buyer’s agent commission, MLS listing fees, and marketing costs if you list the home yourself. If the home does not sell quickly, you will need to renew your MLS listing. Negotiations are another major concern when listing a property for sale by owner. Experienced realtors will be able to negotiate a price that is as high as possible for you to get the price you deserve.

Avoid Mistakes

Real estate agents must complete the education and license requirements. The real estate industry is governed by many laws. A seasoned realtor will be able to answer potential buyers’ questions accurately because they are familiar with current trends as well as loan options. A lack of experience and knowledge could lead to a lawsuit. It’s easy to forget certain disclosures or required forms. Registering with an agent will help you avoid potential lawsuits.

This post was written by Dayana Susterman Dotoli. Dayana is the head real estate agent for the Tiffany House In Ft. Lauderdale Beach. Dayana has assisted over 150 individuals with buying, selling, and leasing at Tiffany House. The Tiffany House Residences is a 12 story tower,  offers 129 residences, including 1, 2 and 3-bedroom condominiums and townhomes, with exclusive, resort-style amenities and views of the Intracoastal Waterway and the Atlantic Ocean. To view our luxury oceanfront condos for sale in Fort Lauderdale, Contact us today!

The post AVOID THESE 7 THINGS BEFORE CLOSING ON YOUR NEW HOME first appeared on Cardinal Property Care.

Many homeowners who own properties in desirable areas are looking to become amateur landlords by renting out short-term rentals to the general public because of the growing popularity of online vacation rental websites like HomeAway, Airbnb and VRBO. Because of Florida’s historical and continuing popularity as a vacation spot, short-term private rentals in our State are a hot topic.

There are many compliance issues that property owners must consider when renting short-term properties in Florida.

The following are short-term residential rental authorities:

• The City, County, or State where the property is located
• Mortgage Lender
• Property Insurance Company
• Homeowners Association or Condominium

State and County

A short-term rental is defined in Florida as any lease or housing occupancy agreement which extends for 6 consecutive months or more. Florida’s standard 6.6% State sales tax must be collected and sent back to the Department of Revenue for these temporary rental accommodations. Most local Counties also levy taxes on rentals in addition to the State tax. The additional County tax ranges between 2% in rural Counties such as Glades or Hardee to 6% for more populous, visitor-attractive Counties such as Orange (Orlando), Miami-Dade, Miami Beach (Miami Beach, Key Biscayne), Collier, Naples, Marco Island), Duval, Jacksonville, and others. These tax regulations are applicable to hotels, motels AND private homes, as well as condominium units that are offered to the public to short-term rental.

Some Cities, in addition to short-term State and County rental taxes, require separate registration and levy a tax on rental accommodation. In Miami Beach, for example, there is a resort tax of 4% on top of the 6% State and 6% County taxes. There is a total 16% rental tax in the City of Miami Beach. Private owners who offer their property for short-term rental must register with each jurisdiction and pay all taxes.

Many cities and counties in Florida have been strict about enforcing proper registration and tax payments by owners of properties that are being advertised for short-term rentals.

This post was written by Josh Dotoli! Josh is the owner of Josh Dotoli Group which is a laser-focused real estate team at Compass comprised of industry experts selling Fort Lauderdale’s best neighborhoods. This dynamic group is one of the top-selling real estate teams in South Florida with over $94 million in sales in the past 12 months alone. Looking for Las Olas Isles homes for sale, we are the real estate team for you!

The post Short-Term Rentals In Florida – What You Should Know first appeared on Cardinal Property Care.

Once you get familiar with the steps involved in selling a house, you can stay away from future problems. Read on to know about the steps of selling your house in Florida.

1. Look for a Florida realtor

It is never easy to sell a home. It is a complicated transaction and needs the interference of expert realtors to get a favorable result. Hence, start looking for the best realtors by typing ‘realtors near me’ on the search engines. Don’t settle till you get the top-rated real estate agent that has the best success stories in your locality. The best listing agents know what exactly the buyers want.

2. Know the right time to sell

Did you know that the timing of your sale can have an effect on the total time your home spends in the seller’s market and the price that you get? As per expert data, April and June are the two months when homes sell the most quickly. Research reveals that the homes listed during these months spend around 48-50 days in the market. On the contrary, homes listed in the month of February, stayed in the market for around 60 days.

3. Decide the right price of your home

A CMA or the comparative market analysis is a lucrative tool that is used to figure out the best value of your home. The price of your home is determined by comparing the sales prices of other homes that are sold in your locality and factors in points like square footage, data points, the current condition of your home and if the home has any special noteworthy feature. However, you have to keep in mind that CMA is not home appraisal.

4. Prepare your home for a sale

Productive marketing usually has a considerable impact on the saleability of your home. Effective promotion brings forth your listing in front of increased buyers by emphasizing on the best-selling features. You have to invest your time and energy in home staging, design an appealing description of the sale, and market your home.

5. Get your home inspected

Home inspection is the next step in the process of home sale. A basic sales contract should mention the length of the inspection period. In the state of Florida, the typical time given is 14 days but it can also be as short as a few days too. Appraisals compare your real estate property with other homes that have been recently sold in your area.

Therefore, if you’re someone who is looking forward to selling your house in Florida, you should take into account the above listed tips on the steps involved.

The post The necessary steps and legal requirements of selling a house in Florida first appeared on Cardinal Property Care.

Hydrogeology is the study of groundwater distribution and circulation in soil and rocks, as well as its interactions with geological conditions and surface water.

Comparison of Hydrogeology to other branches

Hydrogeology, like the majority of earth sciences, is a multidisciplinary field. Although the basic principles of hydrogeology are self-evident (water flows downward, for example), analyzing their interactions can be quite difficult. In general, taking into account the interactions of many facets of a system with multiple components necessitates knowledge in a variety of experimental and theoretical branches.

The flow of groundwater in aquifers and other shallow porous media is the subject of hydrogeology, a branch of earth sciences. Soil science, agriculture, civil engineering, and hydrology all have an interest in the flow of very shallow water. For geology, geophysics, and petroleum geology, the flow of fluids present in deeper formations (such as water, but also carbohydrates and geothermal fluids) is crucial.

Groundwater is a viscous, slow-moving fluid (except near special geological environments such as karst conduits traversed by underground rivers, very coarse alluvium, and rocks). Many principles determined empirically from groundwater can also be deduced from fluid mechanics in the case of Stokes flow, when viscosity and pressure terms are considered rather than inertia.

Properties

An aquifer, as opposed to an aquitard or an aquiclude, which are both low permeability, is a permeable geological feature that holds and transports water. Aquitard is a term used to describe a geological formation having poor permeability. It is important to remember that for geological formations, permeability is relative. When compared to clay levels, sandstone can be called permeable, but when compared to coarse gravelly layers, it becomes less permeable.

The flow of groundwater can be restricted or unrestricted. In such an instance, the level of the groundwater flow’s free surface can move vertically without restriction upward. In the first situation, the presence of a low permeability level prevents the free surface level from being raised. The hydraulic potential at the free surface of the flow is equal to the altitude of this location in free flow. The hydraulic potential of a confined flow is larger than or equal to the elevation of the wall of the poorly permeable rock above the flow.

The post Comparing and Understanding the Properties of Hydrogeology first appeared on Cardinal Property Care.

Understand Your Family’s Needs

The first and foremost fact that you need to consider when buying or renting a new property is where your family is currently. How many children are there? How old are they? Do you plan to have any more?

All these questions will help you define the best property for your family. For example, if you only have one child, there is no need to have a huge house with several rooms. If you are a couple with the mentality of wanting, in the future, to have a child, it is already nice to plan the property with an extra room. The reasoning is practically this. This information is essential to define the ideal house (or apartment) for the family. The key here is to analyze the number of residents, understand the needs of each one and make your decision considering these factors.

Planning Is Everything

Starting a property purchase or rental process without good financial planning can end up giving you frustration and a good headache. Therefore, the organization is the watchword here. And this topic is so essential mainly for your family’s well-being. The key is to set a goal and put together a portion of your salary (obviously not hurting the family budget) each month to close the deal.

We do not want, for example, that you get the necessary amount for the property but end up losing a financial reserve that could be useful for your family in case of an accident or unforeseen event. To avoid this type of situation, analyze your financial life and plan for the purchase or rent of the property.

Have All Documentation At Hand

Although it seems like a prominent topic, many people encounter problems precisely with the lack of attention to the documentation necessary for a real estate transaction. And you don’t want to go through that kind of hurdle. To avoid setbacks, keep in mind what kind of business you will be doing. If you choose to purchase financed, for example, you will need to know the documents required by the bank that will make the financing. Despite being a little simpler process, rentals also need to pay attention to the list of documentation that the realtor asks for. So, pay close attention in this regard!

Search Very Well

Finally, considering the information from the last topics, research the options on the market that best fit the reality of your life at the moment. Remember to consider neighborhood location, safety, and proximity to pharmacies, hospitals, and supermarkets.

Planning, understanding your family’s needs, and good market research are the keys to buying or renting a new property to live with the one you love. And don’t forget that you can always count on the help of 33 Realty for help!

The post What To Consider When Buying Or Renting A House For The Family? first appeared on Cardinal Property Care.