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Rising home prices, tight inventory bring tough times for Orlando house flippers
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Here s Why This Month May Be a Good Time To Sell Your Home
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Minneapolis, MN (PRUnderground) May 6th, 2021
Several state and local government departments have been facing severe cash flow constraints as a result of the pandemic and this has caused them to pass the financial stress on to property owners by means of higher property taxes. A report that was recently released noted that homeowners could expect property tax rate increases of between 4% and 5% this year.
An analysis from the real estate data firm Attom Data Solutions noted that Americans who owned single-family dwellings paid approximately $320 billion in property taxes during 2020, which is an increase of 5% from the year before. This means that the amount being paid for property taxes during this time averaged at around $3,720 for single-family homes.
Why May is a great time to sell your home By Aimee Picchi Behind the hottest housing markets
The U.S. housing market is on a hot streak and it may get even toastier for some home sellers in the next several weeks. Home prices tend to sell at a premium during May and June, providing a significant bump over a home s estimated market value, new research shows.
Home sales that close in May fetch a premium of 13.4% compared with their estimated market value, according to an analysis of more than 40 million home sales over the past decade by real estate analytics firm ATTOM Data Solutions. Sellers in June enjoy the second-highest premium to estimated market value, at 11.7%.
Top 5 Best Days To Sell A Home Occur In May According To New ATTOM Analysis
Home sales over last ten years prove spring and summer months offer best premiums; Home sellers on average realize 8.8 percent premium above market value
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IRVINE, Calif., May 4, 2021 /PRNewswire/ ATTOM Data Solutions, curator of the nation s premier property database, today released its annual analysis of the best days of the year to sell a home, which shows that the months of May and June offer the greatest home seller premiums – with ten of the best days to sell in the month of May alone.
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