Articles on Real Estate

IRS Form 8283, also known as the Noncash Charitable Contributions form, is a crucial tax document that taxpayers must file when making significant charitable donations of property rather than cash. This form serves as a detailed record of your noncash contributions and is required when your total claimed deduction for all noncash gifts exceeds $500 in a tax year. Whether you're donating artwork, real estate, stocks, or other valuable property, Form 8283 helps ensure proper documentation and valuation of your charitable contributions. The form is particularly important because it provides the IRS with essential information about the donated property, its appraised value, and the qualified organization that received it. For donations valued over $5,000, the form also requires a qualified appraisal, adding an extra layer of verification to support your claimed deduction.

When dealing with the transfer of real estate as part of probate proceedings, it is important to consider the value of the property. A probate appraisal can help provide an accurate assessment of the real estate being passed on. In this article, we'll discuss the top 5 factors to consider in a probate appraisal for real estate, including the required documents, factors to consider, benefits of obtaining it, differences between a probate appraisal and a market analysis, the length of time it takes to complete, cost, and qualifications of the appraiser. We'll also discuss how an effective probate appraisal can save time and how it contributes to a successful transfer of real estate.

When it comes to residential real estate appraisals, it is important to keep an eye out for red flags that could indicate an inaccurate appraisal. This article will outline five of the most common red flags to look out for during the appraisal process. From the types of property value standards used to the external and internal forces that can influence home value, this article will provide a comprehensive overview of home appraisals.

Having a home & residential real estate appraisal done can provide you with a great amount of information about the market value of your property. Although it is often seen as an intimidating process, it is actually quite straightforward when you understand what to expect. In this article, we will be discussing what a home & residential real estate appraisal entails, why it is beneficial, and tips to ensure accuracy. Read on to learn more about the home & residential real estate appraisal process.

Are you planning to sell your house? Before you do, make sure to get a home and residential real estate appraisal. Not only can a proper appraisal help you get an accurate market price for your house, but it can also uncover any issues with the property as well as help you obtain funding easily. In this article, we'll be discussing 3 compelling reasons to get a home and residential real estate appraisal before selling.

Are you curious about the home appraisal process and what factors influence home appraisal values? Home appraisal values, especially in residential real estate, can change drastically and it’s important to stay informed and understand why they can change. In this article, we will discuss the various factors that influence home appraisal values, significant changes, approaches to valuing home appraisal, the impact of COVID-19, and benefits of professional appraisal services.