Dale Sorensen Real Estate, Inc

Tag: Home Value

Posted on 12/11/2022
Ad valorem tax, millage rates & more: Key terms to know
Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...
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Posted on 09/25/2022
What Affects Your Home's Value?
The difference between home price and home value causes confusion for many buyers and sellers. Both price and value are a combination of many variables that are constantly changing. Understanding what can affect home value will help you understand and navigate the market. Here are the key factors that go into determining a home’s value: Comps “Comp” is...
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Posted on 12/27/2020
How Do Easements Affect Property Value?
Image by Zach Schorr from Pixabay Whether you’re buying or selling a home, you might discover there is an easement attached to your property. If so, you’re probably wondering how this affects your property values. What is an Easement? In a nutshell, an easement is for one person to have explicit permission to have use of another person’s...
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Posted on 04/07/2019
Is Your Home Worth Less Than You Originally Paid for It?
Let's face it – determining how to price a home is rarely simple for a seller. In some instances, your home may be worth less than you originally paid for it. Ultimately, if you failed to maintain your house over the years, various home problems may crop up when you decide to list your residence. If these issues go...
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