Daniel O'Meara's (dano36) Blog

Attention First Time Home Buyers: President Bush signed a major housing bill (H.R. 3221) into law. As part of the housing bill, congress has created a new, temporary tax credit to provide an incentive for first-time home buyers. The $7500 credit will be available for the purchase of a principal r...

Assessed Value (or assessment) The value of any parcel of land along with any improvements. The County Property Appraiser determines the  value, and that serves as the basis of computing property taxes. All assessments should be made on the basis of just valuation, or Fair Market Value. Remember;...

Appraisal: An estimation of value of Real Property, or items of Personal Property as of a specified date. The appraisal report contains the Appraiser's analysis, estimate, or conclusion of the properties value as of a given date. Most banks will only use state certified appraisers.

Agency Disclosure: Before any contract is signed involving the sale, purchase, lease, or exchange of real property. Real estate licensee's must disclose to all parties thier agency(or relationship). Example: when an agent represents a seller, and he sells their property, he must make written disc...

I've decided to add a Word of the Day to my blog. I will choose words pertaining to the Real Estate Business. Today's Word: Agency(or agency relationship) A relationship in which one person delegates authority to another person to act for or to represent him(e.g., the relationship between a princ...

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