House Values: Appraised, Assessed and Fair Market Value Explained

Did you know it’s possible for a single home to have several different values and prices attached to it? It’s true, and it’s a common source of confusion for first-time buyers. In this in-depth tutorial, we will examine the differences between the assessed, appraised, and fair market value of a house.

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13 Facts About Friday the 13th You Should Know

13 facts about Friday the 13th, the unluckiest day in the Gregorian calendar.

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Arts & entertainment on the Treasure Coast, updated May 13

Whether you’re looking for a comedy show, an art exhibit, a musical or something to do with the kids, we’ve got you covered.

Source: Arts & entertainment on the Treasure Coast, updated May 13

Online Lender? Think Again!

Online lenders require more federal oversight, according to a Treasury Department report released Tuesday as the rapidly growing industry faced increasing concerns about the quality of its loans.

Source: Online lenders need more oversight, Treasury report finds – LA Times

11 Interesting Facts You May Not Know About Florida

You probably know Florida is home to Disney World and is nicknamed the Sunshine State. You may even know that Key West is the southernmost point in the continental U.S. and that St. Augustine is considered the oldest city in the country. Here however, are 11 things you may not know about Florida.

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Appraisal Purposes You May Not Know

The real property value on an appraisal report may be used for state planning, refinancing, pre-listing, divorce.

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Appraisals Purposes You May Not Know

Appraisals Serve Many Purposes

Here Are Just a Few Examples:

Estate Planning 
Planning for the future of an estate or collection is important. An appraisal can provide a valuable tool so that owners can plan in advance for tax, distribution or donation. 

Refinancing 
Most home buyers know that they need to get a home appraisal when they apply for a loan to purchase a property. However, an appraisal will also be required when a home owner wants to refinance their loan at a lower mortgage rate. Banks will order another appraisal to ensure what the value of the property is. 

Pre-listing 
Some homeowners order a home appraisal prior to putting their houses on the market to determine the best listing price. This is a great idea regardless of whether the homeowner is or isn't working with a real estate agent to sell his/her property. 

Divorce 
Most state courts require a recent appraisal to determine a home's fair market value. In a contested divorce, spouses often want their own separate appraisals therefore two appraisals will be done. If the two appraisers reach different values, a judge will look over both appraisals to make his/her final decision.