Take a Look !Hide Away from the Heat
$87,000-Level
2 Bedrooms.
3 Bathrooms.
.32 Acres.
Live on the Creek.....
$660,000-Home
3 Bedrooms.
3 Bathrooms.
Oh Summer Haven
$179,000-Cabin
2 Bedrooms.
2 Bathrooms.
.44 Acres.
|
“Buy with Confidence-Sell with Success” Real Estate Statistics Show now may be the time to Buy and Hold Year end real estate statistics 2009, By Ray Pugel "The Rim County real estate market in 2009 was statistically a mixed bag that most of us are glad to see end. The new year brings some renewed optimism: however,we still have a hill to clime. Homes More From the Broker here in the Rim County: Tuesday, March 9,10 From the Round-Up Ray Pugel County assessor sends out home assessments: No doubt, you recently received you 2011 property valuations from the Gila County assessor's office and probably saw a little change in your valuation from 2010. Larry Huffer of the assessor's office recently gave an update to the Central Arizona Board of Realtors. The assessor's job is not an easy task, as every year they must evaluate all properties in the Gila County. Huffer gave some interesting insights as to how the process works. There will be some changes next year as the assessment ratio for commercial property will be lowered to 20% Homes will remain at a 10% ratio and vacant land is at a 16 % ratio. In a nutshell, this means that commercial property owners pay twice the amount of taxes as a home owner if the properties have the same valuation. Commercial property owners in previous years paid as much as two-and -a- half times as much as residential property owners An interesting (and for some, probably an unwelcome) change in residential assessments could affect homeowners who rent their properties out on a short-term basis, such as by the week or weekend. These property owners will find that their properties may now be classified as commercial properties. The end result is that these property owners may see their real estate taxes double in 2011. The reason for the change was from pressure exerted by the hotel lodging industry. Hotel properties are charged at the commercial rate. They felt they were in an in competitive situation with the many homeowners who were renting out their properties and in essence competing with the lodging industry. This is prevalent in the Valley and some parts of the the Rim Country. The assessor can easily identify your property as one that is available on a short-term basis by checking Web sites such as www.vrbo.com and www.homeaway.com. With This new guideline already in effect, it may not be surprising to see sites and towns institute a bed tax on these properties. Some communities already have a sales tan on these types of rentals. Getting back to your real estate assessment for 2011, of you feel your property has been not values correctly, you may file an appeal with the assessor. The appeal must be filed no later than April 29,2010. While taxes are probably not on your top 10 list of favorite things, my experience with the assessor's office is that they are consumer friendly and very fair. In addition, they are willing make changes if supplied with appropriate documentation to substantiate a change in value New Short Sale Program May Streamline Process From the Desk of Ray Pugel Round-Up Dated March 23,2010 If you find yourseld in the unfortunate postion on not being able to make your marotage payments on your promary residence, and the value of the loan is greater than today's value of the home,you may want to consider a short sale after consultind with your attornet and tax advisor.
A short sale is the circumstance of selling a home for less than the mortgage balance. |
