Tag: Home Value

Posted on 04/06/2022
A beginner's guide to PITI & property taxes
PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...
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Posted on 09/15/2021
Do Easements Affect My 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 03/04/2020
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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