Adelaida “Ady” M. Artime, P.A., Berkshire Hathaway EWM Realty.Phone: (786) 512-2467
Email: [email protected]
Email: [email protected]
As you venture into the world of real estate, you may hear the terms assessed value and fair market value quite often. Even though they may seem similar, the terms differ greatly, so having a good understanding between the two can give you a better grasp of each concept during the sell of your property.
The assessed value of a home is calculated considering local market data, home characteristics such as square footage and the economic state. This assessment is the most trusted amount when it comes to the worth of a home.
Fair market value is what a buyer is willing to pay with no outside influence. As a homeowner, the best way to determine the fair market value of your home is to examine a comparative market analysis (CMA).
Typically, during a CMA, your real estate agent examines similar recently sold homes in the area to help you determine a fair price to list your home under. This can help to ensure you don’t overprice your home in comparison to the competition.
If you decide to take out a mortgage loan, your lender will most likely require an appraisal to be done on the home to see if it’s worth their investment. They use the appraisal to determine if the home has a value greater than or equal to the purchase price of the property.
Sometimes, homeowners will purchase a home and then later challenge the assessed value of a property for tax purposes. This is often the case when the owner feels the assessed value is vastly different from the fair market value.
If you believe the assessed value is out of sync with the fair market value of your home, leaving you to pay more in taxes, you may need to file what’s called a tax abatement. Once approved, you’ll receive a tax reduction for a set period of time.
Working with your real estate agent, you can get a better understanding of these terms and how they may affect the sell of your home.
In her role as a real estate and relocation specialist in South Florida and Northern Virginia, Ady Artime prides herself on providing the highest level of service, confidentiality and professionalism to her clients. Based on her own experience as a government liaison, Ady is in familiar territory working with high powered individuals. She possesses a discreet and confidential work ethic, and her keen eye, attention to detail, and experience with multi-million dollar properties have earned her a high-profile, loyal clientele that expect the best from their realtor.
Known for her expertise and strong background in interior design, she stands out from other real estate agents. When a satisfied client says that Ady knows real estate "inside and out", the statement is to be taken literally. Over the course of her career, she has received recognition as an award-winning interior designer. She has designed and implemented interiors for countless luxury projects throughout the United States, and Europe. Her extensive knowledge of all facets of design, including working with architects and construction teams, led to a natural progression into the real estate arena and gives her a definite edge over the competition in serving her clients.
As and agent in South Florida and North Virginia, Ady lends her real estate expertise and design savvy to buyers and sellers. Ady's mission is to develop a faithful, repeat clientele by providing them with superior service and value. She is passionate about her work and takes the time to understand each client's needs and goals to accurately assess the options she provides. From overseeing the staging of a listed property in order to fetch the highest possible price to analyzing a potential purchase from a design and architectural perspective.
