Military Real Estate Services in Arapahoe County, CO
Thanks for visiting MilPCS. We built this website and business around the belief that military members should own a piece of the country they serve. For this reason, we’re taking care of everything and ensuring they find a home that fits just right. We strive to provide every one of our partners is skilled in the VA loan product and transaction. It makes the experience seamless, stress-free, and stellar for our veteran clients. Farm, beach, city, countryside no matter where you’re moving, our national network means that you’ll always have access to a local area expert who is a Veteran, Military Spouse, or military relocation professionals. From loan to home, we’ve got you covered. Visit the link below to find a home near your duty station. Our Realtors go all-in for our service members. That’s because most of them have military backgrounds, and they get what goes into the PCS process. If you know someone who fits this description and would be interested in joining our referral network, we’d love to hear from you.
Military moves are unique. That’s why we’ve created MilPCS — a one-stop military home search portal. VA mortgage experts, specialized military Realtors, and custom site tools will help guide your search so that you can find a home that fits just right. The financial planning of a move can seem daunting. That’s why we have top VA mortgage experts dedicated to ensuring service members get the most out of their hard-earned benefits. So, if you are searching for Military Real Estate Services Arapahoe County, CO, let’s do the leg work for you!
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Home Valuation: 3 Price Tags You Need To Know
The value of your home is a very important factor that you will need to know, especially if you have to relocate due to your MILPCS order. That said, non-experts are likely to encounter several obstacles when trying to determine a property’s value. This is because there are a lot of different factors in play, each playing a different role. If you wish to easily understand your home’s valuation process, here are the three price tags you need to keep in mind.
Market value
Market value is the most important price tag among all the different indicators of your home’s value, so you should definitely pay extra attention to it. Market value refers to the value at which a buyer would buy your home in the current real estate market. Market value is completely independent of other factors, such as the renovations you have made to the home.
For military personnel who have to sell their home and relocate due to their MILPCS order, the market value of their home plays a significant role. This is because if you want to sell your house, you will have to rely on its market value. The market value will be the basis for all pricing options in the future. Furthermore, understanding the market value of your property will allow you to calculate the home equity of your property, which is the subtraction of the amount you owe from the home’s market value. Some lenders will provide a loan of up to 70-80 percent of your home equity, so be sure to get a correct appraisal of your home’s market value.
Replacement value
The replacement value of your home is also an important factor. This value estimates the total cost it would take to reconstruct your home from scratch based on local construction costs. This value is particularly useful if your home has been completely destroyed. The insurance company will determine the amount of dwelling coverage they give out based on this value.
Property tax value
This is the value that taxing authorities will use. Usually, your property tax value will be quite close to your market value, but there might be some exceptions here and there. The property tax value of your property is also important to keep in mind, as it will directly influence the amount of tax you will have to pay. If there is a huge discrepancy between your property’s tax and market value, the property itself might need to be appraised again to adjust the values.
Selling your home and preparing for a MILPCS relocation is certainly not a pleasant journey. However, you won’t have to be alone! MRP real estate agents are experts who have received plenty of training in working with military personnel, and they are the best people to contact whenever you need to find the right piece of property near your new base. Contact us right away for more information!