May a transfer tax ordinance distinguish higher-value properties when setting transfer tax rates?
Ashford Hospitality v. City and County of San Francisco
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Tag: fair market value (FMV)
Case in point: Does the price paid at a trustee’s foreclosure sale establish a property’s fair market value (FMV)?
An in-depth look into fair market value, assessment and the newest tax laws in California.
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Does a base year for rent need to precede all prior rent control legislation?
El Rovia Mobile Home Park, LLC v. City of El Monte
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Federal agencies seek to exempt more low-priced homes from appraisal requirements
The agencies are asking for public comment on the proposal to increase the appraisal exemption threshold.
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Brokerage Reminder: Evaluating the valuation
Tips for handling real estate appraisals and other valuations.
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Is an appraisal considered independent when a party of interest hires and compensates the appraiser?
A California court of appeals clarifies the guidelines for appraiser independence.
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Owners’ overestimation of home value recalls sticky pricing phenomenon
Professional appraisers are setting home market values at 1.15% lower than owners expect. These owners cling to grandiose money illusions, creating an accelerated pricing phenomenon much like sticky pricing.
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Reverse eminent domain facts and fiction
We take you past the misinformation to the facts.
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May an owner of condemned property recover damages for a decline in property value between when a project was proposed and commenced?
A government entity planned to construct a freeway bypass through an owner’s property. The government entity initially intended to seize only a portion of the owner’s property and staked out the boundaries of the partial take before commencing work. Two years later, the government entity began work and seized the entire property, providing compensation to the owner in the amount of the property’s fair market value (FMV) at the time the entire property was condemned.
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Your buyer: your bidding war
Together, speculators and agitated end users have driven the current rise in home prices. This crowding, paired with a near normal new monthly supply of available housing for sale, is forcing multiple bids to be submitted the instant a property hits the MLS, or when the for-sale sign goes up.
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“Help me help you” — protect your buyer from self-sabotage
Five common mistakes are responsible for buyers missing out on the housing deals they want, per a...
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The state of real estate pricing
This article examines various methods for determining residential real estate’s “fair” price and argues for a mean pricing model when establishing the value of a parcel of real estate.
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