#Affordable house valuations

[canterburyappraisal]

Property valuation is the process of estimating the value of a property based on a variety of factors. Property valuation is important for a number of reasons, including buying and selling property, obtaining financing, and assessing property tax.

In this guide, we will provide a complete overview of property valuation, including the methods used, factors considered, and the role of a property valuer.

[shinelikethunder]

Shelter is a toxic asset

Cory Doctorow:

Housing is a human right and a human necessity.

Housing is also the designated path to intergenerational wealth accumulation and class mobility (it used to be housing and labor rights, but America got rid of those in the Reagan years).

https://pluralistic.net/2021/06/06/the-rents-too-damned-high/

Housing can't be both an essential speculative asset and a human right. If the way you provide a better life for your kids is to buy a house and wait for its value to go up, then you require one of the essentials of human existence to get much more expensive.

This has an immediate effect: people who don't have houses can't afford them, and the people who do have houses vote for policies that make houses more valuable, including eroding tenants' rights.

The fewer rights tenants have, the more rights landlords have, and the more a home is worth to a landlord, which means that house valuations go up across the board.

Landlords' and homeowners' interests aren't always aligned. Landlords favor lax zoning rules, because the market will value a home not just on how much rent can be extracted from it today, but also on how much the same land could generate if it sported an apartment building.

Whereas owner-occupiers tend to be NIMBYs, with an inchoate but near-religious certainty that allowing more homes to be built in their neighborhoods will "change its character" and "lower property values."

Taken together, this results in a perfect storm of terribleness. By the time the owner-occupier's kids are ready to find their own place, they enter a market of vastly overpriced housing, sky-high rents, and shocking undersupply of new homes.

[zeuscommercial]

A Beginner's Guide to Fix and Flip Lending for Real Estate Investors

Investing in real estate has long been a proven methodology for personal wealth development, and one of the hottest vehicles recently has been the fix-and-flip strategy. The essence of this strategy is purchasing properties, improving them to create additional value, and repurchasing at a profit. However, financing is one of the most crucial aspects of this strategy. Thus, this blog will be about everything fix-and-flip lending, especially what it is all about and how it can be maximally utilized in Alabama.

What is fix-and-flip lending?

Fix-and-flip lending usually refers to short-term loans for property investors who wish to buy, renovate, and sell houses. Such loans usually amount to the purchase price of the property as well as some part of the renovation costs. Fix and flip loans differ from conventional mortgages in that they are easier and faster to get, and they are designed to suit the investor who wants to conclude projects in a short period of time.

Key Features of Fix and Flip Loans

Short-Term Duration

Fix and flip loans typically have a term of from 6 to 18 months, so that, fittingly, this is the period to which most investors would require renovating and selling their property.

Flexible Loan Amounts

These often lend the amount required by the investor for the purchase price of property and renovation costs. Such systems suffice to make it easier for the investors in concentrating upon adding value to their projects.

Interest Rates

Similar to any other type of loan, fix-and-flip loans have a higher interest payment compared to traditional mortgages. Such is because of the nature of these loans being short-term and riskier.

Quick Approval Process

These loans can be approved and funded in a hurry so that investors can immediately get to act in very competitive real estate markets.

Benefits of Fix and Flip Lending

It would deliver the following features for fix-and-flip lending as a real estate investor.

Funds Accessibility: Even if an investor lacks cash at hand to buy and renovate the entire real estate property, he/she may get the loan from the lender.

Project-specific Funding: The loan is based on a project, covering purchase costs as well as renovation costs.

Market Flexibility: For instance, the opportunity for dynamic housing markets exists, such as in Alabama.

Fix and Flip Lending in Alabama

Real estate in Alabama offered lucrative opportunities for fix-and-flippers who would invest in their affordable price and real demand for renovated homes. Such projects flourished throughout the state. Birmingham, Huntsville, Mobile, and other cities have emerged as continuously moving places with many prospective buyers looking for homes that resemble what they have recently seen.

It takes a good plan before any investor can venture into the Alabama fix and flip lending business. For consideration include the following:

Trends in the Local Market: Understanding specific neighborhoods' property valuation and buyers' preferences is crucial.

Cost of Renovations: Precise estimations go a long way in preventing excess spending.

Loan offers: Working with a lender who understands real estate in Alabama will ease the financing process.

How to Get Started with Fix and Flip Loans

Monitor and Detect Prospective Properties:

Properties that have got an apparently high potential for value addition and alteration but actually are found under serious disfigurements, neglect, and severe repairs are also great resale or wholesale properties.

Consider the Best Lender:

With reputed lenders like Zeus Commercial Capital, borrowing in a sometimes chaotic world turns very smooth and simple. They get real estate investor needs and things naturally offering them special and tailor-made solutions.

Draw Up an Impressive Framework:

And often the biggest and, of course, most impressive models have multi-million-dollar budgets and timelines put down into one place and include, among other things, purchase price, renovation fees, and contingency allowances.

Marketing the Loan:

Forward your loan application with all supporting documents, like the project plan, estimated costs, and property details.

Perform the Renovation:

Bring that reliable contractor on board and keep the renovations within your budget and time schedule.

Sell the property:

When all the renovations are done, put the property up for sale as best as possible.

Conclusion

It allows you to renovate and sell an asset or part of it. Fix-and-flip financing is great for all types of real estate investors who want to have financial flexibility in transforming potential projects into profits. And Alabama's booming real estate market offers some great opportunities for fixing and flipping.

Whether you are an experienced investor or just getting started, understanding the basics of fix and flip lending would be your first step toward success. Working with a knowledgeable lender such as Zeus Commercial Capital will help you navigate this journey and achieve your investment objectives.

[fathomes]

Why is Real Estate Investment Property Flipping Worthwhile?

Real estate investment property flipping is a lucrative and exciting venture that has gained significant popularity in recent years. The process involves purchasing a property, usually in need of renovation or repair, at a lower price and then selling it for a higher price after making the necessary improvements. This strategy allows investors to capitalize on the potential appreciation of the property and generate substantial profits. In today's competitive real estate market, where finding affordable properties can be challenging, property flipping provides a unique opportunity for investors to maximize their returns.

How Much Profit Can You Expect From House Flipping?

Often, people interested in real estate investment property flipping have a question. How much profit can they generate from flipping? Well, it depends.

Many factors determine the profit you might make from flipping. These can include the purchase cost, market conditions, restoration expenditures, and selling price.

Successful house flippers often aim for a profit margin of 10% to 20% of the property's after-repair valuation.

Let us look at the factors affecting the profit from real estate investment property flipping:

Renovation Costs

Purchase Price

Market Conditions

Quality of Renovations

Financing Costs

Duration

As you decide to enter the world of real estate flipping properties, you must ensure what is right for you. If you want to have a successful flipping, you would need a thorough knowledge of the real estate market. Along with that, you need to be willing to devote the needed time and effort. To learn more about the details of house flipping and its profitability, visit our website or the link provided below.

Source: real estate investment property flipping

[darkmaga-returns]

By Charles Hugh Smith

To reverse the damage wrought by financialization, we must reverse financialization.

The post-election hope that festering problems can now be solved doesn’t seem to extend to unaffordable housing and homeless encampments, two blights on the socio-economic landscape. Perhaps this reflects a sense that these blights aren’t readily fixable, or an unsure grasp of the causes of these blights.

Let’s focus on the primary cause that led to unaffordable housing and homeless encampments. There are many contributing factors, of course, such as the NIMBY (not in my back yard) restrictions on new housing, the soaring cost of construction permits, materials and labor, and so on, but all these factors are subservient to one: financialization, which enriched the wealthy and incentivized them to pursue housing not as shelter for their family but as a low-risk investment that generates income and capital appreciation.

As the wealth to be parked in assets exploded to unprecedented heights, those seeking housing as an investment outbid those seeking housing as shelter. As demand generated by financialized investment pushed housing valuations higher, the wealthy gained more capital to be sunk into housing, creating a virtuous cycle of increasing demand and higher valuations.

Those without substantial portfolios of stocks and housing could no longer afford a home as shelter.

Lest you think this is an exaggeration, consider An estimated 26% of Fort Worth’s single family homes are owned by companies, city says. That is a non-trivial percentage of homes owned by corporations, and this doesn’t include homes owned as rentals / short-term rentals (Airbnb’s) by wealthy individuals, households, trusts, etc. So up to one-third of all single-family homes being owned by investors of one type or another in desirable regions is not unreasonable.

[starrose17]

So it's been a productive day and I feel better within myself.

Had a meeting with the top boss man this morning about why I walked out of work the other week. He says I'm not in trouble for it, he listened to the reason why I walked out, he says he agrees with my reasons and he is going to ensure things change. He says everyone has missed me and wants me back. Which was nice. I'm cutting back to 4 days a week at the moment and doing a 5th in housekeeping, so i can get away from people at reception.

Then this afternoon I've just had my house valuated while I decide if I actually want to move or not, and the good news is that it's now worth £45,000 more than what I bought it for originally, so that gives me a nice amount of leeway with buying a new house down at the coast. I could infact afford that grade II listed cottage if I wanted it.

But we will see about that.

[georgegraphys]

I don’t think Elkann made this decision level-headed. He had one chance to sign very good driver who was being ‘let go’. He might have promised LH a ton of money for a lot, but at the end of the day he might have had some financial audit or something if he had reconsidered his big investment, either on a personal or from the business level. Also, didn’t he promise to be implicated in mission44? So that should be a couple of more money on top of LH salary.

If this decision with hp as a title sponsor came about, then my guess is that he will not sponsor LH ventures only by his money or his business, he might find other people to do so, or backtrack his promises altogether… which we cannot predict. There is also the talk of their contract, like how many years did they promise to sponsor, how much money, the salary after the first year, and so on and so forth… it’s a shit ton of business talks and contract drafting that at some point will come out… cannot wait to see how long they plan on contributing!

There have been a few people saying that as a brand ambasaador, lh will bring new customers and all that yada yada, but I don’t think they know what they’re talking about. A ferrari is well worth over a couple of thousands, so the spike in sales does not depend entirely on him, but with this we go into other depths of the discussion about microeconomics. It’s a difference between a ferrari and a mercedes after all. And both are not renaults cheap. Do you think his presence will change anything for ferrari? apart from the money spent on him

Warning: Opinionated.

The details about his contracts and everything... That is something only time could tell and maybe as we go, both of them will drop a few details. Or probably when they piss each other off, a blunder will happen and we might get more details about it. So far we haven't hear any of LH and Ferrari/JE. Of course, Ferrari/JE will not pay for everything +/- 200M investment and 100M salary is TOO MUCH. From a business standpoint, they could afford it but it is simply too much of a loss so they had to acquire title sponsors maybe.

I believe, whether it's GR or LH or CL or CS or any other driver that one day might get signed to be an ambassador to a car company, they will not bring anything significant to the valuations. Ferrari, Mercedes, McLaren, Audi, BMW, Porsche, Lamborghini, etc are brands that have established their branding for years, decades or even hundreds of year like Merc and Ferrari. They are brands that does not need any individual to represent them as their brands as their brands have represented themselves as it is. Whoever they hired, anyone, will not affect anything or add anything. A small amount? Yes but 0.0001%. The least they could add are following, engagement, marketability, etc. But for them to add on the sales? To add on the overall popularity around the world? No. Why? Because in the end, Formula One fans are just a small percentage of their overall market. Really small. How much F1 fans can REALLY afford a Ferrari or Mercedes irl? Not much.

People might say "Oh Ari but look at those clothing brands that have Kpop idols as ambassadors! Their sales increased" That was fashion. It is nothing compared to a car. You can walk into a random Dior store and buy 20 of their items and could still store them somewhere in your house. But if you buy 20 Mercedes or Ferraris, where do you put them? How do you do the maintenance? This part differentiates between cars and other fields like fashion. Every field has a different role for the ambassadors. Car ambassadors do not have the same influence as fashion ambassadors. Sometimes they are just there as the face. But not bring any impact. They are just there not to ADD anything but sometimes just to ENHANCE or HIGHLIGHT a certain part that the company wants to highlight about their car. For example, George with AMG C 63 S E Performance. He is driver number 63 and an F1 driver. He fits to promote a Mercedes AMG 63 line up car because he's an F1 driver and he's promoting an F1 based car. Did the sales go up because of him? I don't think so because customers don't give a flying fuck on whose modelling. They look at the specification. They don't care about who is promoting and who isn't no matter how great the ambassador is.

My conclusion is No. LH will not add anything to Ferrari as a car brand. Ferrari has established its solid branding for a really long time and that will never change just for a guy who has won the world championship 7x being their ambassador (not even sure if the contract is there). The role of an ambassador for different products differs. In the automotive field, they are just there to enhance and highlight the car's aesthetical promotion not change anything, pitch in design ideas or others. They are just there to be the pretty models. Even if barely anyone cared about it when it comes to buying the car itself. Mercedes and Ferrari target different rich people's niches. But one thing for sure is that they don't expect the existence of someone to boost the sales of their own car as they are THE brand itself. They don't need anyone's name. Brand ambassadors are just the cherry on top for these big car brands. Not the determinant of a car sales. I am not a hater but i'm simply speaking facts that NO ONE, no ambassador, will be able to do such things as 'boost' the sales or 'add' something or 'change' something. Brand ambassadors are employed by the company, they have ZERO autonomy to make some changes or to add something. Whether it's LH or whoever it is, this fact stays the same. Ferrari is Ferrari because they're Ferrari, they simply do not owe it to anyone nor will they allow anyone to add even a spark of change to their brand. Why? They are very proud of their legacy. Nothing touches or matches their legacy.

So will he add something...

Finance wise? No.

Branding wise? Little but not significant. Ferrari will always be remembered as Ferrari. Not by someone's name.

[robertvilleneuve]

Robert Villeneuve West Nipissing - Is Multifamily Real Estate A Good Investment?

Robert Villeneuve West Nipissing: During these economically challenging times, people look for genuine investment opportunities. They want to invest in stable and low-risk schemes that offer them high returns. These kinds of opportunities take a lot of work to come by today.

Robert Villeneuve West Nipissing, a multifamily real estate expert, points out why you should own this type of real estate. You can outsource the management of the property to some experts. This will afford you quality time. You can buy such properties without investing any of your money. It is easier to get loans for condos or apartments than for a family home. You can easily cover cash needs by raising some private money.

You can safeguard far better leverage of your time and energy. You can maintain a 12-unit apartment over 12 individual homes. Valuation of income properties is done based on the profit they make. You can raise its value by increasing the rent and lowering the expenses incurred in maintaining them. You will start to appreciate the use of time and money.

There is less risk. You have a massive number of tenants and hence have many proceeds streams. Apartments are intended for business. In the case of a property, if you lose a tenant, you begin paying all the costs from your pocket.

In the case of multifamily homes, it’s pretty simple to raise the money. For instance, if you borrow 1M dollars, this now becomes non-recourse finance, meaning the asset is the only security to the bank for the loan, and you are not liable.

There’s a steep fall in subprime lenders of the loan. There are many people out there who can’t fulfil the terms and conditions for houses for which they raised loans, and as a result, there is a rise in foreclosures. There’s definitely a good demand for rentals.

As we discussed above, you have an excellent return assured for the investment if you go ahead and purchase multifamily real estate. A multifamily apartment is a perfect start if you are searching for a suitable investment venture. If you want to know more about multifamily real estate, you can ask for guidance from experts like Robert Villeneuve.

[danyvcollins8]

Antique Auction Guide: What to Know About Buying & Selling

You’re at an antique auction. You feel the thrill of potential discovery in every item up for bid. But how do you know what’s worth your money or just old trash?

If selling is more your game, can you spot a hidden gem among Grandma’s heirlooms that others would dream of owning? This guide aims to unravel these mysteries by offering insights into buying and selling antiques effectively. Dive right in; let this be your road map through the exciting world of antique auctions!

Types of Antiques Offered at Auction in Clearwater, FL

From vintage furniture to remarkable pottery pieces, every auction offers a unique selection that’s sure to impress antique lovers. It is quite common for people to find Chinese Ming Dynasty pottery and Art Nouveau jewelry while browsing furniture pieces from the Victorian era or items from mid-century modern tables. Moreover, these scavengers often discover a plethora of aged wine bottles from Europe.

On your next trip, finding classic chandeliers with intricate detailing dating back centuries could be possible! Even sports memorabilia make their appearance in auctions sometimes. This includes autographed baseball cards and historic match tickets.

Stay eager because comic books that bring waves of nostalgia can also spring surprises, along with old-world paintings stirring profound emotions! It just showcases how diverse and versatile Clearwater’s antique offerings are, providing endless opportunities worth exploring for everyone interested!

Tips for Buying at an Antique

Diving into the world of antiques can seem daunting, but remember, knowledge is power. You must understand that in Clearwater, Florida, auctions, online platforms usually charge lower premiums compared to direct auction services, and this could save you a significant amount. The price range for items at an auction varies widely; some may be surprisingly affordable, while others might reach astronomical figures.

Keep yourself updated with prices through regular research so as not to overpay or underbid for artifacts. Are there hidden costs? Sellers pay what’s called ‘seller premiums,’ which are fees based on a percentage of the final sale cost. Buyers, too, have their share known as ‘buyer premiums.’

A key term you should know about is ‘reserves’. A reserve is a minimum acceptable bid amount set by the seller. Sellers reserve the right to withhold a sale if bids do not meet this reserve number. However, they still have to pay listing fees regardless of whether a sale occurs or not.

Remember: Bidding requires registration, so ensure your paperwork is done correctly before hitting any auction houses!

Determining Your Budget Before Shopping Antiques

While venturing into Clearwater’s antique market, take steps to set your financial limits. This precaution prevents costly mishaps, as antiques can range from moderately priced to astonishingly expensive. Before shopping for antiques, you have two tasks: understand the general price range of desired items and decide what you’re willing to spend.

Research helps in both areas. Identify reputable online platforms that offer an idea of current pricing trends for various antiques. Consider enlisting a professional appraiser who specializes in your area of interest for a more personalized budget estimation. They provide precise valuations that aid in making informed decisions about potential purchases or even sales later. Remember, though: while setting out hunting relics with deep pockets may seem appealing, respect your personal spending boundaries regardless of how enticing that vintage piece looks.

Don’t let perceived value override established monetary confines; seek enchantment within your allotted fiscal sphere.

Selling Your Own Antiques at an Auction House in Clearwater, FL

When planning to sell your own antiquities at an auction house in Clearwater, FL, there’s a clear process you can follow. First, connect with the auction house staff so they’re aware of your interest. They will inform you about upcoming auctions and provide catalogs for them.

Next, inspect properties alongside a knowledgeable professional, such as a builder or handyman. This way, all necessary repairs can be accounted for before making pricing decisions. Procuring legal packs from the auctioneer may also prove fruitful, giving comprehensive insights into each available property.

This means no hidden surprises later down the line! However, swift action remains crucial due to the short periods between catalog releases and actual auctions.

Remember that setting budgets precedes any other step. Understanding how much renovation costs might be, plus knowing payment methods, adds value, too! Lastly, but importantly, don’t overlook those terms and conditions paperwork. Stay familiarized with what needs to be paid without any nasty surprises on D-day.

Essential Expert Advice when Attending Auctions In Clearwater, FL

Auction catalogs come out a month beforehand, so use this time wisely. Investigate the item of interest by researching its history, condition, and value range. Additionally, obtain information about any associated costs, such as set fees or percentages owed to the vendor or auction house. These expenses can add up quickly if they are not taken into account, so be sure to factor them in when making bids at Clearwater auctions.

Always have sufficient funds for deposits, usually around 10%, since failure to provide that could lead you into legal trouble with sellers.

Therefore, avoiding relying solely on selling items at an auction is important. This is because vendors always set a reserve price, which is the minimum acceptable bid they must receive for them to sell the item. As such, there is no guarantee that items will always be sold through auctions.

Additionally, be cautious while referring to guide prices provided by auction houses; they’re often lower than the actual worth to boost public attention, but they might misdirect you when setting your budget limit.

Common Mistakes to Avoid During the Antique Buying & Selling Process

Your attitude during the negotiation plays a vital role. Approaching dealers with respect ensures they will be more receptive in their responses. People may believe that haggling is a must during this process. Unfortunately, this assumption can lead to misunderstandings or neglected opportunities for discovering good items at fair prices.

When you pressure an antique dealer into dropping the price drastically, it may seem unfair and disrespectful toward their expertise and business expenses. Don’t let reality TV fool you, either! Those massive discounts stay confined primarily to television sets as part of scripted deals rather than actual transactions on the ground. So, keep expectations realistic!

Credits: https://blackwellauctions.com/antique-auction-guide-what-to-know-about-buying-selling/

Lastly, remember one man’s trash might just turn out to be another’s treasure. Targeting lower-priced antiques alone won’t suffice. Instead, focus on finding pieces that resonate personally. Striking a balance between taste and affordability should remain your goal.

Navigating the exciting world of antique buying and selling shouldn’t be intimidating. Knowledge is power; knowing what items to look for, understanding the auction process, and acting promptly are key. Always remember that every art piece has a story; your goal should be discovering its worth, considering its historical value.

[mariacallous]

This June, the Biden-Harris administration acknowledged the historic role that biased home valuations have played in limiting Black Americans’ wealth-building opportunities, releasing a fact sheet detailing how the administration plans to address this systemic racial bias. The plan reflects a call for action to confront a broader set of issues within the housing market and taxation system that intersect to uniquely affect Black communities. Black homeowners face inequities in our tax code and housing industry, unfair tax burdens, and a biased appraisal system—all of which undermining the potential of homeownership as a wealth-building tool for Black homebuyers. But structural reforms are possible, and they could help to build systems that grow—rather than extract—Black wealth.

In this piece, we explore the often overlooked and compounding racially discriminatory practices in the housing market and property taxation system, and how they limit wealth-building opportunities for Black homeowners. We also explore how the current housing market allows white homebuyers’ preferences to dictate the racial makeup of residential communities and the extent to which Black homebuyers can gain equity from their home. These issues underscore that the Biden-Harris administration must remain committed to addressing the layered practices of discrimination and promote policies that empower Black homeowners to build generational wealth.

Housing and tax policy penalize Black homeowners and widen the racial wealth gap

Twentieth-century discriminatory housing policies and practices are indisputably responsible for segregating America’s residential communities and contributing to existing racial wealth disparities. Tax law and practice aggravate these effects and place a disproportionately heavy financial and oftentimes emotional burden on the average Black homeowner. So, while public conversations about how to close the racial wealth gap often focus on the importance of homeownership, they overlook the impact of the property tax system—particularly, property valuation mechanisms—on the Black homeownership experience.

Property assessments and appraisals are two different estimations of a home’s value, conducted at two different times. Their contribution to the improper valuation of Black-owned homes—through both over-assessment and under-valuation—have caused Black homeowners to lose money by way of monthly property tax payments and at the time of sale. This burden is a reflection of America’s disinvestment in, devaluation of, and disrespect for predominantly Black neighborhoods. It also reveals a penalty that housing institutions and legal frameworks place on Black homeowners—a penalty that will only grow more harmful if we continue to try to address it with ahistorical, race-neutral solutions.

Today, median white household wealth sits at $187,300, compared to just $14,100 for Black households. And while 72.7% of white Americans are homeowners, only 44% of Black Americans are. These extreme racial disparities in wealth and homeownership signify a chasm in access to homeownership and the opportunities and privileges it affords. As outlined in a 2017 report, home equity is the largest segment in most U.S. families’ wealth portfolio. However, Black and Latino or Hispanic families are less likely to own their homes and accrue less wealth through homeownership than white families. According to the Census Bureau’s 2019 Survey of Income and Program Participation, the median wealth for renters was $4,084, compared to $125,500 for homeowners (excluding home equity).

Although homeownership is thought to exemplify the American dream, our tax laws are designed such that homeowners in Black-majority communities don’t always see that dream realized as home equity. Empowering Black people and their communities requires housing and tax reforms that affirm their historically unrecognized value.

The US tax system protects accumulated wealth, creating a barrier to homeownership for lower-income, low-wealth households

For decades, researchers have shown that qualifying for homeownership is a sizeable financial challenge due to the large upfront costs. Many prospective buyers need financial assistance or must save for years to make a down payment, whereas others can rely on intergenerational wealth transfers to fund their purchase of a home.

White college-educated households are more likely to receive a financial gift of over $10,000 from family members than Black college-educated households: 32% versus 9%, respectively. Moreover, the average gift to white households is significantly larger than the average gift to Black households: $235,353 versus $65,755, respectively. In white families, wealth transfers are more likely to flow from parent to child or grandparent to grandchild; yet in Black families, wealth transfers are more likely to flow in the opposite direction.

Now, consider that the U.S. tax code provides additional relief to prospective buyers whose families have excess capital to gift them. The code enables a grantor to gift up to $17,000 without having to report the transfer on the IRS gift tax return form, and the grantee does not have to pay taxes on it or report it (unless it comes from a foreign source).

Such financial gifts are powerful in that they provide white families with a head start to wealth-building through homeownership. They also allow wealth to accumulate across generations in ways that it does not for Black families due to family structure and lack of access to excess capital.

Property tax assessments and valuations are biased against Black homeowners

The average Black homeowner faces a disproportionally higher property tax burden than the average white homeowner. In the U.S., property taxes are supposed to be based on the value of the home; however, researchers at Indiana University concluded that nationwide, tax assessors often over-assess Black-owned homes relative to their market value. Consequently, the local property tax applied to the over-assessed value of Black-owned homes is 10% to 13% higher than for white-owned homes.

Conversely, property assessments for white-owned homes are often closer to the home’s market value. Ultimately, Black homeowners end up paying a higher property tax bill than they should because the value of their home has been over-estimated compared to what it will sell for. White homeowners, on the other hand, pay a more accurate property tax bill because their home value estimations are often closer to the actual sales price.

Similarly, Brookings research has shown that real estate appraisers often undervalue Black-owned homes by 21% to 23%, which lowers the price a home is likely to be sold for. The over-assessment of Black-owned homes is the fault of tax assessors (81.3% of whom are white), whereas the undervaluation of Black-owned homes is the fault of licensed professional appraisers (99% of whom are white). These discrepancies demonstrate deep flaws in the two mechanisms the housing industry uses to determine “value” and present a real barrier to wealth-building for Black homeowners.

Data suggests that Black homeowners’ ability to gain wealth through homeownership is also largely dependent upon the housing preferences of white Americans. Whereas Black people prefer to live in neighborhoods where the majority of the population is made up of racial and ethnic minorities, white people prefer to live in communities with very low Black populations. Further, homes in white neighborhoods are appraised at three times the value of homes in communities of color, and, over the last decade, homes in white neighborhoods appreciated $200,000 more on average than similar homes in communities of color. Data also shows that homes lose approximately 16% of their value once the neighborhood’s population of Black residents reaches 10%.

Therefore, Black people have the highest likelihood of building wealth through homeownership when they purchase in predominantly white neighborhoods, where homes are more likely to appreciate, but where they are also severely outnumbered by white residents. The experience of Black homeowners in choosing where to live is heavily influenced by white preferences, which limits potential opportunities for Black Americans to build wealth.

Identifying equitable solutions for Black wealth-building through homeownership

The many racial biases within the housing market are often addressed as individual challenges rather than compounding factors that work together to undermine Black wealth. Despite numerous legislative efforts to combat racial discrimination in housing, racially biased practices are still prevalent and utilized by private actors, lenders, property tax assessors, and property appraisers.

The disproportionately heavy tax burden alongside racialized home appreciation and wealth transfer disparities reveal that our federal, state, and local tax policies and housing industry penalize Black neighborhoods and their residents. At its core, this penalty is rooted in systemic racism and negative perceptions of Blackness enforced by our legal system. In fact, the American Institute of Real Estate Appraisers, in their historic official texts, advocated for appraisal practices that viewed an influx of racial and ethnic diversity as lessening the desirability of a neighborhood and contributing to the lowering of home values.

Access to wealth-building homeownership should exist in every neighborhood, and a Black homeowner’s ability to build wealth should not be based on the subjective perceptions of white professionals or the preferences of white homebuyers. Furthermore, using homeownership to close the racial wealth gap—which was estimated to sit at $10.14 trillion—requires that the burden to eliminate wealth inequality in America no longer be placed on Black homeowners as individuals, but the factors that created it in the first place. After all, Black people created America’s wealth, not its wealth gap.

Today, Black Americans are trying to play “catch up” to others that have been afforded the necessary conditions to build wealth for generations. While many Black homeowners have achieved upward social mobility, the tax code and housing industry do not empower them like it does for white homeowners. Attempting to close the racial wealth gap by encouraging Black Americans to pursue homeownership—assuming that it will benefit them in the same way it has white Americans—is a hollow hope because of the inequities within the broader housing market. Moreover, it places an undue burden on prospective Black homebuyers to do alone what white people have done with significant government assistance that explicitly excluded Black Americans. Accordingly, reforms must be made to finally acknowledge and cement the value that has always existed in Black communities.

To combat the racial wealth gap, Dorothy Brown, Georgetown Law Professor and author of “The Whiteness of Wealth,” proposed a wealth-based refundable tax credit for taxpayers whose wealth falls below the median of approximately $100,000. Brown has acknowledged that although the tax credit is not targeted directly at Black taxpayers, a disproportionate share of taxpayers that fall below median wealth are Black (83%). Thus, an initiative of this sort is likely to withstand legal challenges because it is directed toward a socioeconomic class rather than a racial group.

The U.S. tax code is somewhat “progressive,” although Brookings research has shown that it has become less so over the last five decades. Irrespective of income level, the tax code is structured to reward existing wealth, predominantly held by white households. Creating a wealth tax credit might be a sizable legislative challenge, but one worth fighting for given its potential impact on Black communities and its ability to economically empower those with the lowest levels of wealth.

In addition to proposing a wealth-based refundable tax credit, Brown has also advocated for introducing a “living allowance” deduction. In this, taxpayers would receive a deduction or fixed amount of money that could be subtracted from their taxable income (reducing the amount of taxes owed) based on their cost of living. If they earned more money than the living allowance, they would pay taxes on the excess amount at a progressive rate; if they earned less, they would receive a check from the government. This is different from the current system in that it would tax all income and remove all deductions and exclusions in the tax code, which primarily benefit wealthy white taxpayers.

Lastly, greater transparency would also help address the root causes of the wealth gap. Brown has called for the public release of IRS tax data by race to more easily identify discriminatory tax policies. All of these proposed reforms seek to level the playing field for Black taxpayers and mitigate the advantage the tax code currently provides to wealthy white taxpayers.

These changes to the tax code should be supported by complementary policy. One suggestion is the baby bonds program proposed by economist Darrick Hamilton and William Darity, Jr. Through this program, the government would create and manage investment accounts for infants, providing them with grants based on their family’s wealth. The account would grow at a guaranteed annual rate, and upon reaching adulthood, the child could use the money for higher education, a startup, or a down payment on a home. This program has the potential to support low-wealth families in the same way financial gifts empower high-wealth families, again with a high likelihood of disproportionately benefiting Back families.

We need structural changes in taxation and housing to make wealth-building through homeownership a reality for more Black homebuyers

Ultimately, removing the influence of white subjectivity on the mechanisms that determine the value of Black communities, people, and assets is imperative to building Black wealth. It is unreasonable and unjust to expect Black Americans alone to close the racial wealth gap through homeownership, especially if solutions to closing the gap continue to rely on the subjective beliefs of white Americans and a housing industry that is still rife with racial bias.

The current systems we use to measure the value of Black homes invite racial biases that influence home value estimations and, ultimately, the market value of Black-owned property. Changing property tax assessment procedures by regulating government-appointed assessors and standardizing assessment procedures so that they are based on the characteristics and quality of a home as opposed to its proximity to Black people would be an effective way to remove biases that lead to the over-assessment of Black homes and the subsequent higher taxation of Black homeowners.

We must confront the inequities in our tax code and housing industry, remove the disparate tax burden from Black homeowners, and make wealth-building through homeownership a reality for more prospective Black homebuyers. The racial wealth gap is not an accident—it is a policy failure rooted in white supremacy and enshrined in biased policy mechanisms that punish low-income and Black communities. Until we acknowledge this truth, the dream of opportunity, economic success, and well-being for many Black Americans will remain deferred.

[magma-bunny]

Not to disagree with the sentiment, but alas, taking the 800 billion from the landlords doesn't GIVE it to anybody. Like stocks, the valuation on real estate only exists in potentia, in a theoretical universe where one could sell all of it without flooding the market with supply that outstrips demand. The fact that so much of our economy is built on the theoretical value of things that will not and can not be sold, lest it collapse the waveform and lower their value, is sort of the problem. As long as they don't have to sell the office buildings, they don't have to admit that they aren't worth what they say they are. These companies can hold on to their empty offices for YEARS hoping that demand will come back, while they buy news stories telling everybody that demand is coming back. They haven't lost 800 billion dollars until they HAVE to sell and realize the lost value. So fuck the 800 billion dollars is what I am saying. Tell me about the currently available square footage that I can now convert into affordable downtown housing.

[canterburyappraisal]

Canterbury Appraisals is a FREE online service that provides FREE House Market Appraisal by connecting homeowners with local real estate experts.

[hiiimanshii]

Best Home Loan Services in Mangalore, Karnataka

Mangalore, a vibrant coastal city in Karnataka, is a popular choice for homebuyers due to its pleasant climate, economic growth, and modern infrastructure. Whether you're a first-time buyer or looking to invest in property, finding the best home loan services in Mangalore, Karnataka is crucial. With numerous options available, understanding key factors such as interest rates, loan tenure, eligibility criteria, and documentation requirements can help you make an informed decision.

Why Opt for a Home Loan in Mangalore?

Mangalore’s real estate market is booming, offering a variety of housing options ranging from apartments to independent houses. However, purchasing property requires substantial financial planning. Home loans serve as an effective financial tool, allowing individuals to own their dream home without straining their savings.

Features of the Best Home Loan Services

Competitive Interest Rates – The best home loan services in Mangalore, Karnataka, offer attractive interest rates that suit different financial profiles. Whether you choose a floating or fixed rate, understanding the long-term implications is essential.

Flexible Loan Tenure – Home loan providers offer repayment tenures extending up to 30 years, allowing borrowers to plan their EMIs according to their financial capacity.

Minimal Processing Fees – A good home loan service ensures reasonable processing fees, reducing the financial burden on borrowers.

Easy Documentation – Simplified documentation and hassle-free approval processes make securing a home loan less complicated.

Prepayment & Foreclosure Benefits – The ability to make prepayments without incurring penalties can significantly reduce the overall interest paid.

Factors to Consider When Choosing a Home Loan Provider

1. Interest Rates and EMI Affordability

Interest rates determine the total cost of your loan. Before selecting a service, compare the rates offered by different lenders. Consider your financial stability to ensure EMI payments do not strain your budget.

2. Loan Eligibility Criteria

Each lender has specific eligibility criteria, including age, income, credit score, and employment type. Checking these criteria beforehand helps in smooth loan processing.

3. Processing Time and Customer Support

Fast loan approvals and reliable customer support enhance the overall borrowing experience. Choose a provider with efficient services to avoid unnecessary delays.

4. Hidden Charges and Transparency

Ensure that there are no hidden fees in terms of legal charges, valuation fees, or foreclosure penalties. Transparent policies contribute to a hassle-free experience.

5. Government Schemes and Subsidies

Some lenders facilitate government-backed schemes like Pradhan Mantri Awas Yojana (PMAY), offering subsidies to eligible borrowers. Checking eligibility for such schemes can provide additional financial relief.

Steps to Avail the Best Home Loan Services in Mangalore, Karnataka

Research and Compare – Gather information on available loan services, interest rates, and terms.

Check Eligibility – Use online eligibility calculators to determine the maximum loan amount you can avail.

Choose the Right Lender – Select a provider based on transparency, service quality, and favorable terms.

Prepare Documentation – Keep necessary documents such as identity proof, income proof, property documents, and bank statements ready.

Apply for the Loan – Submit your loan application either online or by visiting the lender’s branch.

Loan Approval and Disbursement – Once verified, the loan is sanctioned, and the amount is disbursed to the seller or builder.

How to Improve Home Loan Eligibility

Maintain a High Credit Score – A credit score above 750 increases your chances of securing better interest rates.

Opt for a Joint Loan – Applying with a co-applicant, such as a spouse or parent, improves eligibility.

Ensure Stable Income – A steady income with a strong employment record makes lenders more confident in approving loans.

Clear Existing Liabilities – Paying off debts before applying enhances financial credibility.

Choose a Longer Tenure – While it reduces monthly EMI burden, ensure that long-term interest payments remain manageable.

Conclusion

Finding the best home loan services in Mangalore, Karnataka requires thorough research and financial planning. Evaluating factors such as interest rates, loan tenure, processing fees, and eligibility criteria ensures a smooth borrowing experience. By selecting a reliable lender and understanding repayment terms, you can secure a home loan that aligns with your financial goals. Whether you are purchasing your first home or upgrading to a better property, the right home loan service can make your homeownership dreams a reality.

[desktopvaluation]

The Future of Real Estate: Online Property Valuation in India

The real estate sector in India is evolving rapidly, and one of the biggest advancements is the adoption of online property valuation in India. Traditional property valuation methods often involve lengthy inspections, manual paperwork, and delays. However, with the advent of digital valuation services for real estate, property owners, buyers, and financial institutions can now obtain instant and accurate valuations from the comfort of their homes.

Why Online Property Valuation Matters

Property valuation plays a crucial role in real estate transactions, investment decisions, and securing loans. Whether you're looking to sell, buy, or refinance a property, knowing its true market value is essential. With desktop real estate appraisal, users can now access quick and precise property evaluations without the need for physical inspections.

Technology-driven valuation tools utilize extensive property data, location trends, and market analytics to provide real-time valuation reports. These instant property valuation tools are particularly useful for homeowners, real estate investors, and lenders who require fast, reliable property assessments.

Benefits of Digital Property Valuation

1. Accuracy and Reliability

Modern desktop valuation pan India services are powered by artificial intelligence (AI) and big data analytics, ensuring highly accurate property valuations. Unlike traditional methods that rely on subjective judgment, digital tools analyze historical trends, comparable sales, and local market conditions to provide data-driven valuations.

2. Convenience and Speed

With the rise of land valuation services online, property owners no longer need to wait for days or weeks for valuation reports. The online process is seamless, requiring only basic property details to generate an instant estimate. This speed is beneficial for real estate investors and sellers looking for quick transactions.

3. Cost-Effective Solution

Hiring a professional property valuer can be expensive. In contrast, desktop appraisal for property sale is an affordable and efficient alternative. Many online platforms offer free or low-cost property valuations, making it accessible to a wider audience.

4. Essential for Financial Institutions

Banks and NBFCs rely on property valuation for financial institutions to assess loan eligibility and mortgage approvals. Automated valuation models (AVMs) help financial institutions streamline their loan processes, reducing risks associated with incorrect property assessments.

Who Can Benefit from Online Property Valuation?

Homeowners and Sellers

If you're planning to sell your house, knowing its current market value helps you set a competitive price. With residential property valuation in India, homeowners can list their properties at optimal prices and attract serious buyers.

Real Estate Investors

Investors looking for profitable opportunities can use online valuation for property investment to analyze potential deals. By comparing property values across different locations, investors can make informed decisions on where to invest.

Financial Institutions

Banks, lending agencies, and insurance companies require property valuations for loan approvals, refinancing, and risk assessment. Desktop real estate appraisal helps institutions efficiently process mortgage applications while ensuring compliance with financial regulations.

How to Use an Instant Property Valuation Tool

Using an instant property valuation tool is straightforward. Most platforms require users to enter details such as:

Property type (residential, commercial, land)

Location and address

Built-up area and age of the property

Additional features (amenities, upgrades, etc.)

Once the details are submitted, the system generates an estimated property value based on real-time market data. Some advanced tools also provide comparative reports, highlighting similar properties in the area.

The Future of Digital Property Valuation in India

With the increasing adoption of digital valuation services for real estate, the future of property valuation in India looks promising. Emerging technologies like blockchain, AI, and machine learning will further enhance the accuracy and transparency of property assessments.

Moreover, as more financial institutions and investors embrace desktop valuation pan India, the real estate industry will witness faster transactions, reduced paperwork, and improved decision-making processes.

Conclusion

The shift towards online property valuation in India is transforming the real estate sector. Whether you are a homeowner, investor, or financial institution, leveraging desktop real estate appraisal and instant property valuation tools can help you make better property decisions. As technology continues to advance, digital property valuation will become the standard, ensuring accuracy, efficiency, and convenience for all stakeholders.

If you haven’t explored desktop appraisal for property sale or land valuation services online, now is the time to take advantage of these modern solutions and stay ahead in the real estate market.

[bostonrealestateblog]

Above The Ground - Pools Defying Nature

Above-ground pools have gained popularity as a more affordable and flexible alternative to their in-ground counterparts. However, before diving into this investment, it's crucial to weigh the pros and cons, especially considering their impact on property values.

Pros of Above-Ground Pools

Easy Installation: Above-ground pools are typically quicker and easier to set up compared to in-ground options, making them less disruptive to your landscaping and daily life.

Affordability: These pools are often significantly less expensive than in-ground pools, making them an attractive option for budget-conscious homeowners.

Flexibility: One of the key advantages is the ability to disassemble and relocate the pool, which is particularly useful if you move or want to change your backyard layout.

Safety: Above-ground pools are considered safer, as they pose a reduced risk of accidental falls compared to in-ground pools.

Maintenance: They are generally easier to maintain, clean, and fill due to their smaller size and accessible structure1.

Cons of Above-Ground Pools

Aesthetics: Above-ground pools often lack the visual appeal of in-ground pools and may be challenging to integrate seamlessly into your landscape design.

Durability: These pools typically have a shorter lifespan compared to in-ground pools, potentially requiring replacement after 3 to 5 years.

Size Limitations: Above-ground pools are generally smaller and shallower than in-ground pools, which may limit swimming activities.

Temperature Fluctuations: Due to their exposure, above-ground pools are more susceptible to temperature changes, potentially requiring additional heating solutions.

Stability Concerns: Depending on installation quality and ground conditions, above-ground pools may be less stable than their in-ground counterparts.

Impact on Property Value

Perhaps the most significant drawback, particularly for homeowners in Massachusetts, is the potential negative impact on property value. Unlike in-ground pools, which can increase a home's value in some markets, above-ground pools are generally considered temporary structures and do not add value to a property. In fact, in Boston, having a pool (including above-ground pools) can actually decrease home values. According to a Redfin report, homes with pools in Boston sell for about $9 less per square foot compared to those without pools. This negative impact is unique to Boston among the cities studied and reflects the limited appeal of pools in colder climates with short swimming seasons. Real estate experts emphasize that above-ground pools are typically not included in home appraisals and are viewed similarly to personal property items like trampolines. Some potential buyers may even see an above-ground pool as a liability or an item that needs to be removed, potentially deterring them from making an offer.

To sum up, while above-ground pools offer affordability and flexibility, they come with significant drawbacks, especially in terms of property valuation. You should be particularly cautious, as the installation of an above-ground pool is unlikely to yield a return on investment and may even negatively impact their home's market value. The decision to install an above-ground pool should primarily be based on personal enjoyment rather than as a means to increase property value. If you want a pool and you are not planning on selling this year, give it go!

Here are some popular options to consider from This Old House Magazine:

[meaganjimboomba]

How Can You Secure the Best Deals on Property for Sale in Nth Maclean?

When searching for the perfect home or investment property, securing a good deal is crucial. One area that has been attracting more attention recently is property for sale Nth Maclean. This region offers a variety of real estate opportunities that could be ideal for those looking to settle down or invest in a growing community. But how can you ensure that you secure the best deal on property for sale Nth Maclean? In this article, we will explore effective strategies and tips for navigating this market to your advantage.

Understanding the Market in Nth Maclean

Before diving into the specifics of securing the best deals, it’s important to understand what makes property for sale Nth Maclean so appealing. Nth Maclean, located in the picturesque Northern Rivers region of New South Wales, combines tranquil suburban living with proximity to major cities like Brisbane and the Gold Coast. The demand for properties in this area has been growing steadily, especially among families, retirees, and investors seeking a more peaceful lifestyle without being too far from urban amenities.

The diverse range of properties for sale, from affordable homes to larger, more luxurious estates, ensures that there is something for every buyer in Nth Maclean. Whether you're looking for a charming house in a quiet neighborhood or a larger property with plenty of land, property for sale Nth Maclean offers options that cater to various preferences and budgets.

Set a Realistic Budget

Setting a realistic budget is one of the first steps in finding the best deal on property for sale Nth Maclean. It’s essential to understand your financial capabilities and the potential costs involved in purchasing property in this area.

Start by calculating your maximum budget, which should include not only the cost of the property itself but also additional expenses such as:

Stamp duty

Legal fees

Inspection and valuation costs

Moving costs

Renovation or repair costs (if applicable)

Once you have a clear idea of your budget, focus on property for sale Nth Maclean that falls within your financial limits. This will help you avoid wasting time on properties that are out of reach and help you focus on those that offer the best value for your money.

Work with a Local Real Estate Agent

One of the most effective ways to secure the best deal on property for sale Nth Maclean is to enlist the help of a local real estate agent. Local agents have in-depth knowledge of the area, its market trends, and the properties available for sale. They can provide valuable insights into neighborhoods, potential price fluctuations, and even unlisted properties.

A reputable real estate agent will also help you navigate the negotiation process and may even have access to properties before they hit the market, giving you an edge over other potential buyers. They can assist with price negotiations, ensuring that you don’t overpay for a property, and help you find opportunities that might not be immediately obvious to the casual observer.

Research Market Trends

In order to secure the best deals on property for sale Nth Maclean, it's important to stay informed about the market trends in the area. Property prices can fluctuate based on a variety of factors, including interest rates, demand, and local development projects.

Regularly check property listings and monitor recent sales data in the area. Websites offering property listings, auction results, and market reports can be invaluable resources in gauging the fair market value of properties. By understanding how prices are trending in Nth Maclean, you'll be better equipped to identify a good deal when you come across it.

Be Prepared to Act Quickly

In competitive markets like property for sale Nth Maclean, it's essential to be prepared to act quickly when a property that meets your criteria becomes available. Properties in desirable locations, particularly those with attractive features or at competitive prices, can sell quickly.

Ensure that you have all your paperwork ready and pre-approval for financing in place before you start viewing properties. This will allow you to move quickly when you find a property you like. In many cases, having your finances pre-approved may even give you an advantage over other buyers who haven’t taken this step.

Look for Off-Market Deals

While browsing listings for property for sale Nth Maclean is important, don’t limit your search to publicly listed properties. Sometimes, the best deals are available off-market, meaning they are not yet publicly listed or actively marketed. These deals may include properties owned by individuals who are looking to sell quickly or investors looking for a fast sale.

Working with a local real estate agent can help you access these off-market opportunities, giving you a competitive advantage. Networking with local residents or property owners may also help uncover potential off-market deals.

Consider Properties with Renovation Potential

Another strategy for securing the best deal on property for sale Nth Maclean is to look for properties that offer renovation or improvement potential. A home in need of renovation might be priced lower than similar properties in better condition. With some strategic improvements, you could add significant value to the property, making it a worthwhile investment.

Be sure to factor renovation costs into your budget, and assess the condition of the property carefully. If you lack experience in renovation, it may be wise to consult with a builder or inspector to evaluate the extent of the work needed.

Evaluate the Neighborhood

When considering property for sale Nth Maclean, don’t just focus on the house itself. The neighborhood plays a significant role in the long-term value of the property. Research the area thoroughly to ensure it aligns with your lifestyle needs and future goals.

Consider factors such as:

Local amenities (schools, shops, public transport, etc.)

Crime rates and safety

Proximity to employment opportunities

Future development projects or infrastructure improvements

By evaluating the neighborhood and understanding how it may evolve over time, you can make a more informed decision on whether a property will offer long-term value.

Understand the Legal Process

Understanding the legal process involved in purchasing property for sale Nth Maclean is essential for ensuring that everything runs smoothly. This process includes conducting property inspections, reviewing contracts, and ensuring there are no legal or financial issues with the property.

It’s highly advisable to work with a solicitor or conveyancer who is experienced in real estate transactions. They will help you review contracts, ensure all necessary documents are in order, and guide you through the legalities of purchasing property in Nth Maclean.

Conclusion

Securing the best deal on property for sale Nth Maclean requires a combination of thorough research, preparation, and a strategic approach. By understanding the local market, setting a realistic budget, and leveraging the expertise of professionals, you can navigate the property market with confidence and increase your chances of finding a property that fits both your budget and your needs. Whether you’re a first-time homebuyer, an investor, or someone looking to relocate, following these tips can help ensure that you make an informed and successful purchase in Nth Maclean.