Maria Carter of Springer Realty Group
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Locality: Exton, Pennsylvania
Phone: +1 484-713-8595
Address: 740 Springdale Drive, Suite 100 19341 Exton, PA, US
Website: mariacarter.springerrealtygroup.com
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Know before you buy! Great reason to have a Realtor who represents your sole interest. Chester County New LLC ‘flipping’ activity could lead to missing local construction permits, higher assessment amounts During the past few years, the Chester County Assessment Office has observed an increase in the number of LLCs purchasing residential properties and making significant improvements without filing requisite permit(s) with the local municipality. These properties are then qu...ickly ‘flipped’ to buyers who may be unaware of the missing construction permits. Based on this trend, assessment staff has begun a policy of reviewing all property transfers involving LLCs. This review process includes looking at possible MLS listings, comparing the information (including photos) to the existing property record card for discrepancies, and performing a field visit by the assigned assessor. These non-permitted improvements, such as finished basements, additional bathrooms or other additions, can lead to an Assessment Change Notice being sent by the county to the new owner. The new assessment change can lead to higher property tax bills from the county, municipality and school district. The SRA is aware of this new policy in Chester County, and is working with county officials to learn more about the parameters of the program. We are sharing our concern with the county that this type of practice could lead to the unintended consequence of creating inconsistent assessment amounts for similar properties in the same area. In the meantime, we want our member Realtors to be aware of this practice to ensure that their clients are protected in situations where there may be a higher risk that municipal construction permits are missing. See more
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Let the numbers help you decide. Disclaimer: This is not an endorsement of the lender featured with this calculator. https://www.realtor.com/mortg/tools/rent-or-buy-calculator/
Reasons people cannot buy a home. Sharing this article is not an endorsement of the lender.
2020 has a lot of us reevaluating the meaning of home. More than ever, home is a place of security, comfort, and opportunity, and there’s certainly value in hav...ing a place to call your own home. #Americandream #homeownership #realestate #homebuying #realestategoals #realestatetips #realestateexpert #realestateagency #realestateadvice #realestatemarket #realestateexperts #realestateagents #instarealestate #realestatetipsandadvice #springerrealtygroup
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