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    • house market values FAQ

    What are best ways to refinance my home even though the current market value of my house is far below purchase?

    Sep 25, 2008 by Bobby | Posted in Renting & Real Estate

    My house value is far below than the price I paid 3yrs back.After 2 yrs of the purchase it has now adjustable interest rate and mortgage payments increase every 6 months.Lenders decline to refi due to below market value of my house.Advise what can I do

    You will not be able to refinance. You may be able to get a loan modification but the odds are very low.

    evilattorney | Sep 25, 2008

    call your current lender and seek a loan modification. 1in 5 are being approved
    golferwhoworks | Sep 25, 2008

    When depreciating house value, will i use fair market value at time I rented out house?

    Mar 15, 2007 by tlfranklin61 | Posted in United States

    I have gotten alot of good info the past couple of days about depreciating rental house but still confused about the house value I should calculate, i gotten some info on use the value i paid for it 14 years ago plus points and closing cost, and i've

    Basis of Property Changed to Rental Use :

    When you change property you held for personal use to rental use, you figure the basis for depreciation using the lesser of fair market value or adjusted basis.

    The basis for depreciation

    tma | Mar 16, 2007

    this is what i found hope it helps along with others advice g/l
    raindovewmn41 | Mar 15, 2007

    which of these measurements is valid to establish real market value of a house?

    Mar 13, 2010 by mollie | Posted in Renting & Real Estate

    two appraisals were made on my house to obtain first the mortgage and second the refinance- One bank's appraiser measured it to be 1748 sq. feet of usable space and the other 1800; however, when the city came to measure to obtain real market value for

    The city is probably using the s.f. of the garage also.

    Call them and ask them...it could be a mistake. You know how city employees are! Slackers!!!!

    | Mar 13, 2010
    Why is it considered a gift if my mom sells me her house for less than market value?

    May 24, 2007 by pc | Posted in Renting & Real Estate

    What about in situations when a seller sells a house to a buyer (unrelated) for much less than market value because they are desperate to sell in a bad housing market? Why wouldn't that be considered a gift to the seller as well? Simply because they are

    I assume that you are asking for IRS purposes? Just off the cuff I can only refer to the non-taxable gift provision of $10,000 to any person, whether relative or not.

    Beyond that amount it is taxale and that is where it becomes an issue

    Maria Y T | May 24, 2007

    house market values news

    SLO County housing market still a bit unstable

    18.05.12

    Home sales in SLO County rise in February, though median price dips

    After a decline in January, home sales in San Luis Obispo County grew in February as the median home price fell slightly, according to independent real estate tracking firm DataQuick.

    Overall home sales grew 9.7 percent locally in February compared to the same month in 2011, according to the Southern California-based data tracker.

    Brought down by falling prices for new homes and condos, the overall median home price fell slightly to $319,000 — a 0.3 percent drop — from February 2011.


    Source: San Luis Obispo Tribune

    house market values about


    Is the Home Foreclosure Crisis Ending?
    TIME (blog) - May 23, 2011 But I can say for sure that bank sales will not be the drag on the housing market the NYT suggest they will. Here's why: It's a bad thing for home values when banks own a lot of homes. That's because banks are typically willing to take less.

    7 Tips for The First-Time Home Seller
    Fox Business - May 23, 2011 "It seems like there's no relationship between your assessed value, taxable value and the actual market value of our house," says Pat Vredevoogd Combs, past president of the National Association of Realtors and vice president of Coldwell Banker AJS

    Let's Take A Look At The Commercial Real Estate Market!
    Hamptons.com - May 23, 2011 Let's Take A Look At The Commercial Real Estate Market! In the private sector, he was SVP of three companies involved in the development and management of multi-family fair-market rentals, cooperatives, condominiums, staff housing for major medical institutions, and government-assisted housing.

    Housing Market's Prospects Bleak As Foreclosed Property Backlog Grows
    Huffington Post - May 23, 2011 Housing Market's Prospects Bleak As Foreclosed Property Backlog Grows The ailing housing market remains hampered by the backlog of distressed properties, which is growing larger as banks repossess more homes than they sell. Banks now hold more than 872000 homes, nearly twice as many as in 2007, the New York Times reports

    Sellers hope to regain market edge
    Press & Sun-Bulletin - May 23, 2011 Consumers expect the real estate market and property values in the Binghamton area and New York overall to improve in the next year, although it has been a poor time to sell and a very good time to buy. That's according to a first-quarter survey of