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Commercial buildings, Lake Burton home among real estate headlining November auction

South Carolina. For more information: Carl Carter, 205-823-3273 View original content: SOURCE John Dixon & Associates

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For Sale For Sale For Rent Open House New Construction New Listing Any Price Any $0 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $750,000 $1,000,000 $1,500,000 $2,000,000 $0 $500 $750 $1000 $1,250 $1,500 $1,750 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 Any Beds Any Studio 1 1+ 2 2+ 3 3+ 4 4+ 5 5+ Search Filters listing type For Sale For Rent Open House New Construction New Listing property type Any Single Family Land Commercial Condo/Townhouse Multi-Family Apartment Mobile/Manufactured Vacation Farm/Ranch price range Max Price Min Price beds Beds More Filters baths Baths Any Baths Any 1+ 2+ 3+ 4+ 5+ square feet Max SqFt Min SqFt Any SqFeet Any 500 600 700 800 900 1,000 1,250 1,500 1,750 2,000 3,000 4,000 5,000 10,000 lot size Max Acres Min Acres Any Acres Any 0.05 0.1 0.15 0.2 0.25 0.5 0.75 1 2 5 10 year built Any Year Search Any $0 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $750,000 $1,000,000 $1,500,000 $2,000,000 Any $0 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 Any 0 1 1+ 2 2+ 3 3+ 4 4+ 5 5+ Any 1+ 2+ 3+ 4+ 5+ Any 500 600 700 800 900 1,000 1,250 1,500 1,750 2,000 3,000 4,000 5,000 10,000 Any 0.05 0.1 0.15 0.2 0.25 0.5 0.75 1 2 5 10 1700 1750 1800 1850 1900 1950 1975 1980 1985 1990 1995 2000 2005 2010 2015 Spring House Hunt: A guide to real estate pricing terms Ask the Expert Buying . Adobe Stock Marjorie Youngren - Globe Correspondent April 4, 2018 8:21 pm What is my home worth? It sounds like a simple question, but the answer can vary greatly, depending on why and whom you are askingAre you selling your home and wondering what your listing price should be, or are you referring to the assessed or appraised values of your home? Words like “assessment’’ and “appraisal’’ are often tossed around interchangeably and frequently misusedAdditionally, the listing price is not necessarily the price a seller should expect to receive when his or her home is sold, as many would thinkIf you are wondering what your home is worth, you should understand what all of these terms mean, as well as how they are actually determined. Listing price The listing price is the price the sellers chose to list their homes for when they put them on the marketDetermining the right listing price involves homework and strategyThat’s where your agent comes inAgents begin by preparing a Comparative Market Analysis (CMA) for their clientsWe do this by researching and comparing recently sold, similar properties found on the Multiple Listing Service and adjusting for features and benefitsOnce we arrive at a range that we believe a home will probably sell for, we discuss our findings with the sellers, who ultimately decide the actual listing price for their homeThis price may be adjusted while a home is on the market if it’s not getting enough activity. A seller may ultimately choose a listing price below the expected sale price of the homeThis is where pricing strategy comes inFor example, if we suggest a range between $499,000 and $529,000, the seller may decide to price on the low end to generate more interest and bring in more potential buyers with the intention of having the price bid up above the rangeThis happens quite frequently in a seller’s market, with low inventory and high demandSellers need to understand this process, because if they set the price too high, their home will linger on the market, possibly even selling below the lowest suggested price. Appraisal Appraisals are also used to determine market value, but unlike CMAs, they are performed by a licensed appraiser and are part of the buyer’s mortgage processWhen buyers apply for a mortgage, their lender will require an appraisalAppraisals are designed to protect banks so they don’t lend too much money on a propertyAppraisers are unbiased parties to the transactionThey generate a report for the bank that is much more detailed than a CMAThe appraised value must be equal to or more than the purchase price a buyer has agreed to pay for the homeIf the property does not appraise at the purchase price, one of two things will probably occur; either the buyer will have to put down more money for the loan, or the seller and buyer will have to renegotiate the price. In a high demand market, this can happen fairly often — limited inventory can drive a proposed sale price above the appraised value of the homeThis is something that savvy agents will consider when reviewing offers with their sellersIf an agent can get a buyer to drop the appraisal contingency (but make sure that they have enough money to cover any gap) that is always a huge plus for the seller. Assessment An assessment is quite different from an appraisal and a CMA, because it has nothing to do with the actual market value of the homeMunicipalities do assessments to determine property taxesIt always starts as a valuation on a group of homes before becoming a value assigned to a particular propertyYour annual property tax is based on your home’s assessed value, something a buyer will want to consider to determine annual expenses on a new home. All of these terms are important in understanding the home sales processBuyers and sellers should always make it a point to learn what real estate terms mean —and as I always advocate, retain a professional real estate agent to help you with the processHappy house hunting. Marjorie Youngren is a broker at Century 21 Commonwealth in LynnfieldSend your real estate questions to marjorie.youngren@commonmoves.comFollow her on Twitter @MarjorieTeamC21. Subscribe to our free real estate newsletter at  Related Articles View More {{{ item.tease_image }}} {{ item.title }} {{ item.description }} {{ item.pub_date }} {{ }} {{ }} if ( "undefined" !== typeof googletag ) {

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