Lord & Bills Real Estate

Tag: Home Value

Posted on 08/13/2023
Understanding the value of home additions
Thinking of selling your home? Perhaps your life is...
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Posted on 05/28/2023
Ad valorem tax & other terms property owners should know
Ad valorem is a Latin term meaning "according to value."...
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Posted on 08/07/2022
What borrowers should know about PITI & property taxes
PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...
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Posted on 05/17/2020
How Do Easements Affect Property Value?
Image by Zach Schorr from Pixabay Whether you’re buying or selling a home, you might discover there is an easement attached to your property. If so, you’re probably wondering how this affects your property values. What is an Easement? In a nutshell, an easement is for one person to have explicit permission to have use of another person’s...
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