Junk data hurts buyers by creating distraction from understanding market value. Buyers need to know market value in order to negotiate for a fair price. Assessed value is not the way to figure fair market value. But, but, but…how can a property be worth more than what the town or city assesses it for? Don’t the
What can cause your pre-approved mortgage to fail, last minute, in 2022? Property tax and interest rates. If you are borrowing the full amount of your pre-approved mortgage, you need to check the total monthly cost of a property before you make an offer. Your lender pre-approved you based on a typical property tax and
Residential exemptions make a big difference to property taxes in Massachusetts. While doing a comparative market analysis for a client, I noticed that half the condos were paying almost twice as much in taxes than other condos that were pretty much the same size and location. The difference wasn’t that some were renovated, thus worth