any tips? on math and any other tips is needed. Thank you very much!
Yes, study. Seriously, even with math, practicing problems can make all the difference. You will be faster and more confident.
Also, if they publish practice exams, buy a book and do them. It will be good practice and often, on these standardized tests, they repeat questions.
Good luck!!
I’m negotiating the sale price on a house I’d like to buy. All the listings and info sheets provided by the listing agency for the house quoted the annual taxes. My own investigation confirmed that the amount quoted is after several discounts or credits (retirement, veteran, star, and the like).
I would likely pay 40 – 45% more than listed amount.
What responsibility does a realtor have to be upfront about this difference?
Thanks!
Check with your county tax appraisal office. They will give you the factual numbers BEFORE exemptions, and can give you numbers with the exemptions. They are the bottom-line authority on the actual tax rates and accessments.
I’m including a link below that you may look at. It is for the county I live in.
The left side column’s first choice is "Property Records" click on it.
Then you see two columns:
Real Property and Business Personal Property
Under "Real Property" choose (see my example at the end of this answer) "Address"
You will come up different Real Propertys (homes, mostly)
The left column has "account number’ which you can click on.
Now, you will see the Owner’s Name, mailing address & property address.
Toggle on down and it will state these taxing entities:
Plano City and it’s 2007 tax rate
Collin County and it’s 2007 tax rate
Collin County Com College and it’s tax rate
Plano City’s Independent School District’s tax rate
Those are the percentages that are applied against the Appraised Value.
Now, you will notice that you are given 2 (TWO) values of the home…
The Total Market Value (at the top)
and
Appraised (at the bottom), along with the TYPE of exemptions that the owner uses.
You need to take those 4 taxing entities rates, add them up and multiple against the Appraised Value. Taxes are applied on the APPRAISED dollars.
Now, if the home already has an exemption clause to it, then the number will be adjusted to INCLUDE the exemption, so you’d have to try and find out how much the exemption % or dollar amount is so that you don’t include it in your tax rate (unless you’re going to use the same exemption/s).
I kind of "officially" learned by answering this for you WHICH amount that the taxing entities applied the tax rate to. Now I know because a database I use for tracking homes states the taxes on properties for sale. So, I found one that was a foreclosure, therefore, no exemptions and was able to verify the taxes I was given were dollars BEFORE exemptions.
So, do check and see if the amount of tax you are being quoted is NOT pulling in exemptions that the current owner had applied to that property during the tax year you are accessing.
I hope my answer was clear enough for you to understand!
101008 11:23
PS, I’ll go ahead and give you the address of the foreclosed home for your reference, since this was public property for sale and you are using a link to a government public database.
Address: 2808 CHARTER OAK DRIVE, Plano, TX 75074
Key in just "2808" and "Charter" and it will pull up ok. You should come up with the Total taxing entities rate is 2.073884, and the taxes on this property is $2578 (with rounding, of course).
Formula: Appraised value of home is $124,326 for 2007.
$124326 x 2.073884 (City, College, school, county) = $2578.377
I don’t want my cat in the house while realtors are going in and out of my house for the next 2 months. I need to find someone willing to keep the cat during the day while I’m out at work. Any suggestions?
If you’re in the states than try Craigs list. You might look in the yellow pages for a kennel which would keep your cat temporarily as well.
Real wives of OC, Atlanta, NY & NJ?
Keeping up with the Kardashians or K & K take Miami?
Girls Next Door etc?
It depends on the show and how well its doing. For instance, Omarosa stated that she was paid something like $75k to $100k to do "Surreal Life" and it was only taped over a two week period. Some of the folks from "The Hills" reality show (if you can call it that) got paid upwards of $60K-$7K per episode.
I know right now is a bad time for the price of a house, but does anybody know what city (cities) give the best return when buying a house in a normal market?
san francisco
I just noticed that Yahoo! Real Estate redesigned their site with a lot of maps and cool tools. I especially like the home values and the local market research section that shows you the number of listings and average price in any area. What do you think?
http://realestate.yahoo.com
It’s not bad, there is another one called www.zillow.com (just increase the values by 10-15 percent)
interested in buying another house but afraid that my other house wont sell before i close on the other one. i cant afford 2 mortgages, yet it seems people do this all the time. how do they do that?
Better idea is to get a bridge loan from your lender. Anyone who will buy the house under the conditions you are stating will offer you a very low amount. Real Estate people will be very happy fo offer you 50% of what the house is worth and then flip it at a higher price to someone.
Feb. 5 (Bloomberg) — Thomas Wu, co-managing director at Hopewell Holdings Ltd., talks with Bloomberg’s Bernard Lo about the company’s performance and growth strategy.
Hopewell Holdings yesterday said net income in the six months ended Dec. 31 jumped to HK$2.52 billion from HK$931 million a year earlier. Wu also discusses the implications of China’s tightening measures to curb gains in the real estate market. (Source: Bloomberg)
Duration : 0:8:4
For additional information and a personal tour of this home, call Christine Lynch toll free at (877) 889-2485 x 141 or visit http://www.InnovativeRlty.com
Tucked away in the beautiful, country roads of Amherst, New Hampshire is this two year old ranch, nestled on a 6.2 acre lot on a shared private road. Abundant wildlife, such as deer, porcupine, squirrels, chipmunks, hawks, owls and variour birdlife are often seen here.
Privacy and sophistication are redefined here. If you are seeking one floor living in a custom built home with modern amenities and a quiet, wooded setting, this home can’t be beat!
As you enter this home, the open concept makes entertaining a joy. Numerous windows flood the home with natural light. The gas stove is warm and inviting, and the immediate access to the deck is perfect for entertaining outdoors.
You notice quality and detail everywhere.
The home office features an integrated office solution, computer station, and 2 individual desk stations with windows.
The master bedroom, separated from the other bedrooms features southern exposure windows. The luxurious master bath makes getting ready for the day a breeze – from the dual vanity area, the solid cherry cabinets set at comfort height to the two person soaking tub – this is a place of pamper and luxury.
The open concept living room allows plenty of space to express your own personal decorating taste and was designed for enjoying family time together. Directly Off the living room is a deck . With views of this peaceful wooded lot, vacationing is just outside your own door.
Convenience and beauty merge in this gourmet kitchen featuring solid wood White Birch cabinets with honey maple stain and silestone countertops, as well as a main sink and a second prep sink.
Two additional bedrooms are located on this end of the home, and features a shared full bathroom with dual vanities and solid cherry cabinetry.
The laundry room features cabinets with a deep sink, ironing board station and washer/ dryer. The unique “cat suite” is designed for the master of the house!
The mudroom also features an upright refrigerator/ freezer which can be converted to all freezer and lots of pantry cabinets .
Duration : 0:6:38
Blog.Frankly