Los Angeles Real Estate

Posted by: Nader Malek  :  Category: Los Angeles Realty, Realty LA

Despite the recent global economic breakdown, the industry of realty LA is still thriving. It may have experienced a few set backs but it was all insignificant compared to the progress of the current situation and in the future.

Los Angeles is known for having strong regional industries. Leading the thriving industries in this part of the United States of America are entertainment and defense. Hollywood will forever be a drive for people to look for properties in the Los Angeles market so that they can be close to the celebrities, live like a star or become one. The unemployment rate is noticed but the draw of people in the area makes the businesses thrive.
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What Orange County Tax Appraiser Do

Posted by: Nader Malek  :  Category: Orange County Appraisal, Orange County Property

Due to the recent global economic breakdown, a lot of real estate properties have been declining in value ever since. Even high end properties such as those located in Orange County have decreased prices. The zonal value might have remained unchanged but the market value surely decreased as a result of the dwindled economy. As a result of this, Orange County property owners are beginning to double check their tax appraisal in order to cut back on losses in case there are errors on the initial tax appraisal. As it turned out, six up to seven out of ten property owners are over assessed in their tax appraisal. This means that they have been paying more than their share of their real estate taxes.

If you hire your own Orange County tax appraiser, you could save thousands of dollars each year on your real estate property tax. If your own hired Orange County tax appraiser computed a different value than that of your city appraiser, you can always appeal it to them. All you have to do is to have an Orange County tax appraiser assess your property, have it documented and present it to your city’s assessor’s office. You can present a strong case with this.

If the process for appealing is so easy, then why is it not a popular idea for most Orange County property owners? The answer lies in the cost of having an Orange County tax appraiser. You should be prepared to shell out as much as $400 for your residential appraisal report. Also, you should also expect that the appeal will consume most of your time and effort. Most property owners are not willing to undergo the cumbersome process so they turn a blind eye on their overvalued tax appraised property. They do not know that all the time and effort is well worth it in the long run. Studies show that only 2% of property owners take the time to appeal their initial tax appraisal. The remaining 98% of property owners who are too lazy to do the same are just making their city richer without probable cause.

The demand for an Orange County Tax Appraiser cannot be taken for granted. If you are a responsible property owner and you want to pay only for the true tax value of your property, hiring a tax appraiser is essential. There are already appraisal companies who are offering such service at a fraction of the cost. They are able to decrease their rate because they are only giving out partial appraisal and they do not put their license on the line. If you want to take initial step on getting the true tax value of your tax property, you can go to this appraisal companies instead. At least you will have a ballpark idea if you are paying the correct tax or not.

Make sure that you deal only with a licensed Orange County tax appraiser. The Orange County assessor’s office will not accept any assessment that is not made by a professional appraiser.

Investors Need a Dependable Orange County Appraiser

Posted by: Nader Malek  :  Category: Orange County Appraisal

Property Appraiser Defined

Property appraisal is the act or method of knowing the true value or the fair market value of a certain real estate property. It can be the value of a residential house and lot, a condominium unit, a series of apartments, a commercial building, an agricultural lot, a vacant lot or anything else in between. The value is based on the highest and best use of the real estate property in consideration. The only person that should be doing the appraisal is a licensed property appraiser. Also, the appraiser should come from the locality so that he or she is better acquainted with the area of jurisdiction. If you have an Orange County property, you should get an Orange County appraiser, no doubt about it. The Orange County appraiser is better informed about the zonal value and the fair market value of similar properties in the same location. They are better acquainted with the processes in Orange County so they can deliver the service faster as well.

Property Value In the Point of View of Investors

Investors have a different calculation of a property value. Almost always, they will not conform to the value set by the Orange County appraiser. However, this does not go to show that the licensed appraiser has no value for the investor. Investors base their own property appraisal on a lot of factors and that includes the value given to them by a licensed appraiser. The licensed appraiser will give the fair market value of the property as well as the tax value of the property in question. Investors, on the other hand, calculate the value of the property based on how they can use it in their business.

A property investor evaluates by making the developments around the vicinity of the real estate, whether around the street, on the city as a whole or even based on the developments on the entire state. If a property investor decides to get a real estate investment in Orange County, he will first hire an Orange County appraiser and have the property assessed. Once he has the value of the property, he will then compute on his own how much he can resell that property in the future based on the current and future developments in the area. If the investor is happy with his profit, he will then decide to buy the property. He also consults the Orange County appraiser on how much he can sell that specific piece of property in the future considering all the factors such as economic growth of the area and the future developments.

If there are no significant developments in the area that can increase the value of the property in the future, the property investor can make his own developments on the property itself. If he bought a bare lot, he can put up a series of apartments that he can later rent or sell for profit. If the investor bought a house needing repairs, he can hire workers to renovate it and then sell it also for profit. Before selling the renovated real estate property, the investor will once again need the expertise of the appraiser to assess the property before putting a price tag on it.

The Cost of Orange County Property Appraisal

Posted by: Nader Malek  :  Category: Orange County Appraisal, Orange County Property

A lot of property owners are surprised to see the professional fee of having an Orange County property appraisal. You have to take in mind that an appraisal of your property will be for your benefit. It is beneficial for both the buyer and seller of a real estate property in case there is a transaction between the two. Lenders also look for an appraisal report before you can even borrow money from them. If you compare the cost of having an Orange County property appraisal and the benefits it can give you, as the buyer, seller or lender, you will see that the advantages outweigh the disadvantages.

For first time property owners, you should know that there are different types of Orange County property appraisal used. The most common of which is known as the Uniform Residential Appraisal Report or URAR. Another type of appraisal is known as the Drive By Appraisal. URAR is understandably more thorough than the Drive By Appraisal although it is more expensive. You should find out first if your lender accepts the Drive By Appraisal method or not before undergoing it.

Another factor that should be consider in getting the cost of Orange County property appraisal, aside from the type of appraisal method, is the type of property to be appraised. Single family home in Orange County is less expensive in terms of appraisal compared to the cost of having an apartment unit in Orange County appraised. The bigger the property, the more expensive it will be. Location matters as well. If you are located on Orange County main street or business district, your appraisal cost will be more expensive. Commercial properties have higher appraisal rate than those of residential units.

The cost of Orange County property appraisal will also depend on the value of the property. If there are two houses located in the same street that are similar in size, one property may still have higher appraisal cost because of the material made, the way the structure is built or if it is located in a corner lot. The variations of appraisal cost are not that big if you do not pass the $500,000 mark. It would typically range from $300 up to $600.

The use of the property will also play a role when determining the cost of Orange County property appraisal. Family home is the most basic and the least expensive one in terms of family use. If you tag the property as income generating, like apartments and rental homes, you will incur an increase in appraisal cost. A single family home that is under the $500,000 mark can acquire an appraisal cost of approximately $400. On the other hand, a property of similar value that is used as income generating will cost $100 more than the usual.

As you can see, there are a lot of factors in determining Orange County property appraisal cost. If this article did not give you the exact figure, at least you have an idea more or less how much you can get your property appraised. Also, now you know why you have to get a professional appraiser to do the job.

Importance of Having Orange County Property Appraisers

Posted by: Nader Malek  :  Category: Orange County Appraisal

In buying and selling of land, it does not matter if you are the buyer or the seller; you will need the expertise of Orange County property appraisers anyway. You need an Orange County appraiser who is impartial and already an expert in the field. He should be able to give the true value of the property in order to be fair and to protect both the buyer and the seller from any type of fraud during the course of the transaction. In order to better know the importance of Orange County property appraisers, here are the reasons in detail.

Knowing the True Value of an Orange County Property

Orange County is an in demand location. People who want to rub elbows with the rich and famous go to Orange County and secure themselves a piece of land or house and lot. You can be sure that Orange County properties are secure investments for those wanting to start building the right asset portfolio. If you are the buyer, you cannot trust a seller to sell the Orange County property only at the fair market value. Of course the seller will try to oversell the property. For sellers, you cannot just give in to the demand of the buyer. Buyers will downplay the asking price in order to get as much discount as they can. In order to achieve the true value of the property and for the buyer and seller to meet eye to eye, you will need the help of Orange County property appraisers. They will give an unbiased account on what the rate of the property should be based on zonal value and fair market price.

How Appraisers Help the Buyer

Every buyer should not take the time and investigate the Orange County property for sale. Aside from making sure that the title is clean and free from any liens and encumbrance, the buyer should also get Orange County property appraisers to get the true value of the property. This way, they know if the asking price is too much or if they are getting a good deal.

How Appraisers Help the Seller

Almost all sellers are selling their Orange County property in order to make profit. If they are selling their property because they have no use of it, at least they would want to break even on their initial investment. In order to do this, they need to get Orange County property appraisers so that they can sell the property at the market value and not make the mistake of under pricing. Over pricing is not beneficial as well. If the seller over price the property, they will not get any offers from prospective buyers.

How Appraisers Help the Lender

It is a gamble on the part of the lender whenever they agree on loaning the buyer the amount needed to pay for the Orange County property. It is vital for every lender to have their own Orange County property appraisers to assess the true value of the property so that they get the value for the money they are lending. You can expect the lenders to try and under price a property but they will never over price it.

Orange County Property – Dos and Don’ts

Posted by: Nader Malek  :  Category: Orange County Appraisal, Orange County Property

Orange County is one of the most in demand places to live in. The weather is sunny most days of the year and the landscape of the place is just inspiring to behold. Orange County has been the Gold Coast of the state of California and people flock there to visit while some of those stay for good. The beach is just one of the main attractions of an Orange County property. There is also the dining places, shopping options and entertainment centers just to name a few. Your life will never be dull if you have an Orange County property to go to.

Orange County is also known as the hub for the rich and famous. It encompasses 34 of the state’s most upscale cities including Huntington Beach, Laguna Beach and Santa Ana. Now, before you browse the internet or call your real estate broker, you first have to know some dos and don’ts of buying an Orange County property.

Do take a stock of your finances and find out if you are financially capable of purchasing an Orange County property. Orange County is one of the country’s most upscale residences so the selling price here do not come cheap. However, if you can afford to purchase an Orange County property, it would be one of your best investments. You can do anything you want with it, expand it and renovate it all you want. Now, lacking in finances does not automatically mean you cannot live in Orange County. Do be open to the thought of renting. Renting can be a good option if you plan to save for your future home mortgage.

Do consider purchasing an Orange County property by means of a home loan. If you have a very respectable credit history, you will be able to obtain minimal interest rate from banks and other lending firms. Also, you should always hire an accredited broker and a licensed Orange County appraiser to do their job for you. This way, you will know the true value of your property and your documents will be taken cared of without so much of a fuss on your end. Do not deal with unlicensed brokers and appraisers because they might not know what their job entails.

If you are purchasing an Orange County property for investment purpose, do keep in mind the economy of the area where the property is situated. In Orange County, you can expect the property to increase in value, approximately 3-5% on an annual basis. As you can gather from this information, Orange County property is truly a sound investment, one you just cannot pass up if you have the opportunity to acquire.

Lastly, do not forget to get the advice and opinion from the experts before your actual property purchase. Get a property appraiser to assess the value of the property before making any offer. Hire also an inspector to check if the house is well built or if it needs any repair before you live in it. Always get a real estate lawyer to help you with the contracts you have to sign so you do not have to put a signature on a piece of paper that will be detrimental to your finances.

Estate Properties Need Property Appraisal

Posted by: Nader Malek  :  Category: Los Angeles Realty, Orange County Appraisal, Realty LA

Estate Properties Need Property Appraisal

Estate properties are real estate properties left by a deceased person. The rightful heirs of the estate property can handle the remained asset the best way they can by first getting it appraised. This is very important especially if the property is located in a high end location such as Orange County. Getting an appraisal Orange County is very beneficial for the heirs and it will involve the participation of the tax agencies as well. Before you can settle an estate property, appraising it is one of the first procedures.

Appraisal Orange County almost always begins with the determination of the fair market value. If there is only one heir to the property, he or she can decide to claim the property by means of transferring the name of the title or the property can also be sold and the cash given to the rightful heir. If there are numerous heirs, the property needs to be appraised in order to get the true value. The cash is then divided accordingly. Appraisal Orange County is also needed in order to evaluate the real estate tax and the inheritance tax liability, if ever applicable.

Appraisal Orange County can get messy if not done by a professional. If doubts arise, especially if the property in question is worth millions of dollars, conflict between the heirs might ensue. In order to get the emotional stress out of the way, it is best to hire a licensed orange County property appraiser. The appraiser will present the facts in a concise manner and everything will be documented for the reference of the heirs. The result is an accurate fair market value that can be trusted by the heirs as well as the Orange County assessor.

It is essential to note that the appraised value of a property for last year may not be applicable or precise for the following year. There are a lot of factors that need to be considered when appraising a property and most of it are outside the control of the Orange County appraiser. The appraised value of a property can increase if there are significant commercial centers built near the property. The value can decrease if the location is hit by a natural disaster or if the economy weakens, much like what happened in the past years.

Appraisal Orange County is not an exact science. There are too many variables to consider such as the square footage of the property, the number of rooms, the age of the property and the inclusive amenities, among many others. These values are then compared to other properties in the same location and how it has been appraised recently. The value is then adjusted based on some specific items.

For those wanting to have an amiable settlement of estate properties, having an appraisal Orange County is essential. You have to get an impartial assessment of the estate property coming from the industry expert so as to avoid any conflicts and doubts from the heirs. It will give everyone a peace of mind knowing that you get what you lawfully deserve.

On the Lookout for Beachfront Property in Orange County

Posted by: Nader Malek  :  Category: Orange County Appraisal, Orange County Property

If ocean front living is your ideal real estate property, you surely want to have a look for a property in Orange County. Orange County is known for its majestic beaches, year round sunshine and outstanding properties that will surely make the eyes of a prospective buyer go wild. The question is not if you like the property, for surely you will; or if you want to live in Orange County, for who doesn’t? The question is if you can afford it?

If you want beachfront property in Orange County, then for sure you are ready to break the bank just to get the house of your dreams. For investors, this is a perfect investment opportunity since a lot of people love to just rent, if not own, a beachfront property in Orange County. It will be a home that is close to nature, a short walk to the shore and days of relaxing and luxurious atmosphere right in and outside your doorsteps. Orange County is considered as the Golden Coast of California so it is no surprise that beachfront properties here are selling like hotcakes.

People on the lookout of beachfront property in Orange County will not be disappointed by the variety of options to choose from. There are different architectural styles and themes you can find in the area. Whether you want modern house, a classical one or even an environment friendly structure, your desire will be granted. The beachfront states are available also in Mediterranean style architecture and some with spacious ranches that goes with it. If you are familiar with the place, you will notice that there are common features of the beachfront properties. There are usually roomy floor plans, fully stocked and modernized kitchens, hardwood floors, spa-like bathrooms and most importantly, large windows in order to highlight the breathtaking view of the ocean just outside the patio. The exterior of the properties are something else as well. Most have private swimming pools, fascinating garden and beautiful landscaping. The overall effect of the beach is framed and complimented by wide space, mowed lawn, colorful flowers and carefully trimmed bushes.

Aside from the varying architectural styles and themes of houses, Orange County also has a lot of location options. The state of California has a number of upscale seaside communities such as Laguna Beach, Santa Ana and Newport Beach. If you are artistic in nature and would like to commune with people who are artistic as well, you should head on over to the Laguna Beach. They have there mini art galleries and art festivals to satisfying your artistic cravings. If you are aiming for a larger community, then Newport Beach is the one for you. It is situated a mere 10 miles from Santa Ana downtown.

It does not matter where you decide to purchase your property in Orange County for sure you will have a fantastic view of the ocean in front of you. Even if you do not plan on staying there for good, you can have a property for investment purposes.

Challenge Real Estate Assessment to Reduce Property Tax

Posted by: Nader Malek  :  Category: Los Angeles Realty, Orange County Appraisal, Realty LA

In all investment opportunities, investing in real estate might be the best form of all. Your money in the bank will not grow as fast compared to real estate property sales and increase in value. Cars depreciate year by year while real estate properties increase in value yearly as long as the economy is thriving. Even in poor economy, some real estate properties remained strong in the market especially in high-end locations such as Orange County in California. Stocks come and go while real estate investments are here to stay. Houses, vacant lots, apartments and buildings are tangible and can be sold instantly with a large profit, unlike stocks and bonds. The sale of a real estate property can make you liquid in a matter of months and even a few days.
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AVMs in Los Angeles – Exploring Its Advantages and Disadvantages

Posted by: Nader Malek  :  Category: Los Angeles Realty, Realty LA

AVMs in Los Angeles – Exploring Its Advantages and Disadvantages

AVMs or the automatic valuation models have been made useful in the process of collateral valuation during the most recent boom of the real estate industry. The said model actually works as a service that helps in estimating a property’s value which is moreover done by a computer system. and now that numerous online sites are taking advantage of the modern technology, AVMs start to spread out like wildfire too which includes the onset of AVMs in Los Angeles. Other data sources can be used as well such as the appraisers’ opinions that may have already evaluated properties in the past and have gathered up information on their total estimated value. It is used primarily on Wall Street and by various financial institutions. But will AVMs in Los Angeles work?

How AVMs in Los Angeles Work

Just like in any other state, AVMs in Los Angeles work the same. There are two primary methods used for AVMs in Los Angeles to reach the desired estimate you might be looking for. The first one would be through making the repeat sales index as the basis to track the major changes in price through the years and even comparing its worth to other similar properties. The second one is through determining the absolute value of a property at present time. It breaks the entire property by part and totaling the value of each.

Advantages Versus Drawbacks

Many lending institutions and real estate companies have pointed out several advantages and drawbacks of having AVMs in Los Angeles. Read more…