enrichedrealestate

  If you are planning to prepare for your property tax appeal hearings, the following information will help you. This blog gives you a brief introduction about property taxes, how to prepare for the informal hearing, and the formal hearing. Property taxes are an ad valorem tax which means “accounting to value” i.e the taxes levied on your home are purely based on the value established by the CAD. In simple terms, Amount of tax that is due = Taxable value * Tax rate The notices are usually sent out during the first week of April and these notices depict how much the county has valued your property and an estimate of the taxes you will have to pay if you do not opt for a protest. So when you file a  protest you are protesting the initial appraised value the CAD placed. Now that you know what you protest, how nice would it be if you get a chance to know how the others move their cards towards victory. This might help you win at the property tax appeals too. Even though you might ...

If there is one common mistake appraisal agents often make, it’s that they fail to classify or separate intangibles in personal property to tangible personal property. This can lead to a miscalculation of a property’s value and you’ll likely be losing money by paying too much or not paying enough. But to fully understand the berth of intangibles, how does it differ to tangible property? What are Commercial Property Intangibles? Colloquially, intangibles are something you can’t touch or does not have any physical presence. In tax and real estate, it’s really a lot like that. It’s something other than physical properties such as lands and building structures. A few examples of intangible properties are a leases, accounts receivable, your money in the bank, or any intellectual properties such as trademarks and patents. Business value is also deemed as an intangible property. Suffice to say, intangible properties are not taxable, and therefore, should NOT be included in appraising a proper...

In the past decades, prospective real estate buyers would visit up to nine homes before they buy one. Now, they would only visit real estate websites to see thousands of available homes for sale. This is the reason why the internet is a game-changer. The internet has affected the real estate industry. Its impact is both positive and negative. For instance, prospective buyers are now able to see the interior of a home for sale even if they are not there. This situation offers a ton of convenience to buyers and sellers alike. There are also some negative impacts on those who buy and sell real estate properties. What are the positive and negative effects of the internet on the real estate industry? The Positive Effects of the Internet on the Real Estate Industry Some of the positive impacts of the internet in this industry are as follows: 1. It has created more opportunities for those who buy and sell real estate properties. There are job opportunities now that didn’t exis...

The American dream is the noblest means of living one’s life. This entails the acceptance that everyone has an equal opportunity to reach their goals and aspirations. And why not?  Everybody has the chance to elevate their lives and status, especially in America with its bountiful resources and land area–the latter makes it an ideal place for real estate investment. How do you get started?  If you don’t have a property to get started or want to expand your business, commercial real estate funding is one means that can cover what you need to get started. What is a commercial real estate loan? Commercial real estate loan is a practical means of securing funding for the expansion and the growth of your enterprise. It is a mortgage for your commercial property as opposed to residential property. You can use the investment to get a new property and even buy new equipment or develop research. The terms of payment for this loan vary. Some programs can let you pay fo...

It’s not surprising to find a commercial estate in your surroundings. Income, money, and how it’s spent is what makes up the modern world right now. A commercial estate can vary in many ways. They can be offices, apartments for rent, retail spaces, malls, and so much more. Do you begin wondering  what is commercial real estate ? What do you need to begin investing in a commercial estate? What terms should you understand? Is it worth investing in real estate nowadays? One big question that boggles your mind is  “ how to get into commercial real estate ?”. Before making rash decisions, read below what commercial real estate is all about. Defining Commercial Real Estate Investing in commercial real estate means two things. One is understanding what income is, second is knowing what appreciation is. These are terms that define how your commercial real estate earns money. You might ask again  how to invest in commercial real estate , it’s more than having pro...

Since Covid-19 began, real estate experts have seen major changes in business and execution of contracts. At present, some cities and states have  paused transactions for real estate . Apart from that, market prices are being monitored as there is a difference in views as to how real estate pricing will fare during the pandemic. Some are expecting a downturn, while others feel that there will be minimal effects on  how commercial real estate is priced  down the line. With that said, this is how Enriched Real Estate views the movement of real estate values in the era of the pandemic. How Real Estate Reacts to Major Financial Fallouts In the Covid-19 era, how can we understand “value” to make wise investment decisions both now and in the future? Will those decisions be based on the “old paradigm” or the new, unknown post Covid-19 paradigm? Following are material factors to consider: Real estate experts around the world are attempting to understand the impact C...