Kathy Portway - SUCCESS! Real Estate



Posted by Kathy Portway on 11/19/2018

Two terms that you may have heard when talking about real estate is fair market value and assessed value. These two terms are not the same or even interchangeable terms. 


The assessed value of a home can often be higher than the price the house is being sold. These properties can often be seen as a “bargain” in the real estate community. The problem is that this is often a red flag. The property may be overassessed by the town which means the taxes are higher than necessary. 


Homes can also be listed at a higher price than the assessed value. Contrary to popular belief, a low evaluated cost doesn’t mean that the value of the home is less than the asking price. The asking sale price for a property is based on many factors, none of which are what the town deems the property is worth. 


Fair Market Value


Fair market value is what a buyer is willing to pay with no outside influence. As a homeowner, the best way to determine the fair market value of your home is to look at what’s real estate agents call a “Comparative Market Analysis” or CMA. The agent will look at similar properties in the area that have recently sold- generally within the last six months. This analysis will often include things that the assessor doesn’t take into account when pricing a home.


The Appraisal


When you buy a home, and the appraisal is done for the lender when the buyer is obtaining a mortgage, the purpose is specific. The lender is protecting themselves and the buyer. The lender wants to be sure that the property they are lending money on has a value greater than or equal to the purchase price of the home. Appraisals are also done in this manner when homeowners are refinancing the house. 


Challenging Assessed Values


Often, homeowners will buy a property and then later challenge the assessed value of a home for tax purposes especially if the owner feels that the assessed value is worlds apart from the fair market value of the home. If you believe that the assessed value is out of sync with the fair market value of the house and out of line based on the values of another home in the town, you need to file what’s called a tax abatement. Your city or town hall has all of the necessary information for submitting these forms. From there, each city and town has their own timelines for how long the tax assessor has to address this.                  




Tags: best value   home value  
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Posted by Kathy Portway on 11/16/2018


21 Milk Street, Attleboro, MA 02703

Condo

$211,900
Price

5
Rooms
3
Beds
1/1
Full/Half Baths
Conveniently located 3 bedroom, 1 1/2 bath condo is a great starter home for the busy professional or to the family that's looking to downsize. Walk to the train, and mere minutes to downtown, shopping and access to highways. Step inside this lovely, end unit and you will find a living room with hardwood flooring, a kitchen with plenty of cabinetry and a half bath. Go upstairs and there are two spacious bedrooms with great closet space and wall to wall carpeting. Third floor can be easily used as a master bedroom, office, TV room or anything you see fit. Basement has plenty of storage and could easily be finished. New windows and siding are bonuses to this wonderful town home. Call today to make it your new address! FHA APPROVED CONDO!
Open House
Sunday
November 18 at 12:00 PM to 1:30 PM
Cannot make the Open Houses?
Location: 21 Milk Street, Attleboro, MA 02703    Get Directions

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Tags: Attleboro   Real Estate   Open House   02703   Condo  
Categories: Open House  


Posted by Kathy Portway on 11/15/2018

Sitting on expansive lot this 3 bedroom Colonial style home has been lovingly cared for inside and out and it SHOWS! Step inside and you will find warm paint colors through out. Lovely, Pergo, flooring in the living and dining rooms - great spaces for family and friends. Kitchen has plenty of cabinetry, stainless steel appliances and a seated center island. Dining room is perfect for those holiday gatherings. Half bath has been recently updated. Spacious front to back master bedroom with a huge walk in closet. Two other decent size bedrooms. Freshly painted full bath. Basement has tons of storage and could easily be finished. Amazing landscaped yard is great for entertaining with a deck, above ground pool, tree house, fenced in area, shed and plenty of privacy. This wonderful home is just waiting for its new owner and that can be you! Call today.

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Posted by Kathy Portway on 11/14/2018


59 Morgan Drive, Taunton, MA 02780

Single-Family

$369,900
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Sitting on expansive lot this 3 bedroom Colonial style home has been lovingly cared for inside and out and it SHOWS! Step inside and you will find warm paint colors through out. Lovely, Pergo, flooring in the living and dining rooms - great spaces for family and friends. Kitchen has plenty of cabinetry, stainless steel appliances and a seated center island. Dining room is perfect for those holiday gatherings. Half bath has been recently updated. Spacious front to back master bedroom with a huge walk in closet. Two other decent size bedrooms. Freshly painted full bath. Basement has tons of storage and could easily be finished. Amazing landscaped yard is great for entertaining with a deck, above ground pool, tree house, fenced in area, shed and plenty of privacy. This wonderful home is just waiting for its new owner and that can be you! Call today.
Open House
Saturday
November 17 at 11:00 AM to 1:00 PM
Open House, Saturday 11-1!
Cannot make the Open Houses?
Location: 59 Morgan Drive, Taunton, MA 02780    Get Directions

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Categories: New Homes  


Posted by Kathy Portway on 11/14/2018


27 Keith Drive, Norton, MA 02766

Single-Family

$489,900
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Norton's finest is right here in desirable Maple Commons! Pull up to this immaculate, 4 bedroom, colonial style home sitting on expansive lot offering spacious indoor and outdoor living. First floor is light, bright and has an open concept with lovely, brick fireplace living room, opening to eat in kitchen with tile flooring, plenty of cabinetry and breakfast island. If that is not enough you have the dining room, which is perfect for family gatherings. Upstairs master bedroom offers a HUGE walk in closet and master bath. Spacious lower level has many purposes: family room, office, exercise or perhaps guest room. Enjoy the double deck off back of home overlooking private, beautiful back yard. Great colors throughout. Gas heat. Central air. Plenty of storage. Cul-de sac location. Conveniently located to major routes and shopping. This home is a Must See. Call today.
Open House
Sunday
November 18 at 12:00 PM to 1:30 PM
Open House Sunday 12-1:30!
Cannot make the Open Houses?
Location: 27 Keith Drive, Norton, MA 02766    Get Directions

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Categories: Open House