Appraisals & Market Value
What is the difference between market value and appraised value? The appraised value of a house is a certified appraiser’s opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range...Working With a Real Estate Agent
Can I use an agent for a new home? Yes, however buyers should be aware of the differences inherent in working with sales agents who are employed by the developer, rather than traditional real estate agents.Builders commonly require that an outside agent be present,...What You Can Afford
How much does my real estate agent need to know? Real estate agents would say that the more you tell them, the better they can negotiate on your behalf. However, the degree of trust you have with an agent may depend upon their legal obligation. Agents working for...Tax Considerations
Where do I get information on IRS publications? The Internal Revenue Service publishes a number of real estate publications. They are listed by number: 521 “Moving Expenses” 523 “Selling Your Home” 527 “Residential Rental Property”...Property Taxes | Frequently Asked Questions
Are taxes on second homes deductible? Mortgage interest and property taxes are deductible on a second home if you itemize. Check with your accountant or tax adviser for specifics. Do all loans require impound accounts? If you are taking out an FHA or VA loan, the...
I am proud to provide you with the best results and service in the industry.
Find your home with the very best in Colchester Vermont Real Estate