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"Substantial Improvement" Sun, Apr 07, 2024 If your property has been damaged and is located in Special Flood Hazard Area (SFHA), cities and counties have a responsibility to assess impacts before repairs can be made, no matter the cause of damage. If the cost to repair is 50% or more of the ... Read More

Did Your Property Appraisal Come in Lower Than Expected? Some Things You Should Know, and How to Appeal Fri, Oct 22, 2021 First and foremost: appraisals are opinions, and everybody has one. The distinction being that appraisers render a professional opinion. Reports by licensed appraisers are certified as meeting the Uniform Standards of Professional Practice. The value... Read More

Before You Buy, Consider Property's Net Operating Income and Capitalization Rate Wed, Jun 16, 2021 Take a close look at a property’s Net Operating Income and Capitalization Rate before buying. Most investors are quite familiar with the standard formula in income property valuation: Value = Income/Capitalization Rate. Most income properties ... Read More

5 Tips from Ormond Beach Property Appraisers Before You Refinance Wed, Mar 24, 2021 There are plenty of reasons why homeowners choose to refinance a mortgage. For example, a successful refinance can reduce the interest rate, lower monthly payments, or tap into your home’s equity to alleviate the fiscal burden. However, there is one ... Read More

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