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When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.
Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.
The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful difference in what a home buyer will pay.
When you rent a property, set up all appointments to show the property at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.
Office owners across the US currently coping with lower building values caused by lower demand and higher vacancies now also face higher property tax bills.
