Ok, so that’s not what the letter — sent by certified mail, no less — actually said. But, it’s not hard to see why my client thought that. In fact, what they received was a subcontractor notice, commonly referred to as a prelien notice, informing them that the value of the goods and services that the contractor...Read More
List Price = $800k, Tax Value = $400k As I’ve written previously, a home’s tax assessed value isn’t particularly relevant for establishing a home’s actual, what-will-it-sell-for market value. Rather, fair market value is determined by: a) scrutinizing the comp’s, or comparable sold properties, to set a list price; then b) testing it on the market....Read More
Why Such a Big Discount For Big Homes Needing Updating? Want a novel — but not at all far-fetched — (additional) explanation for why so many nicer, bigger homes are facing significant discounts in today’s market, especially ones that need significant updating? Keep reading. Far and away, there are three big reasons why such homes...Read More
Good vs. Not So Good Contractors[Editor’s Note: see “Giving Good Invoice” for an update to this post.] In my various capacities as a Realtor, remodeler/rehabber, homeowner, and neighbor, I’ve witnessed a wide range of contractor etiquette. At one extreme, there are contractors who show up late, leave early, and seem to spend the time in...Read More
