The Roni Sterin Group

Welcome to The Roni Sterin Group, where your real estate goals drive us. With extensive expertise and unparalleled local experience, we offer exceptional service standards. Our backgrounds in marketing, sales, business development, and management enhance our specialized real estate knowledge.

Whether selling, buying, relocating, or investing, we guide you with precision and insight. Our proactive, creative, and hands-on approach has earned us numerous 5-star reviews. We serve a diverse clientele, making every transition smoother.

Discover the difference commitment to excellence makes. Join The Roni Sterin Group, where your real estate goals become our mission.

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The value of real estate is often determined by comparisons to similar properties. This method of valuing property is called comparative analysis. It helps determine fair market value, which is how much a property would sell for in normal conditions. Real estate agents use this information when listing homes for sale. It also helps buyers figure out how much to offer for a home.

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In addition to considering supply and demand, real estate values can be influenced by local economic trends, job opportunities, crime rates and other factors that affect the area’s quality of life. It can also be impacted by local government policy and taxes, including property tax rates. Homeowners will often get an appraisal of their home before they purchase it, and it’s important to have this done if you want to refinance or get a loan secured by your property. An appraisal is also a requirement for getting a home on the market.

Real estate is property consisting of land and any structures permanently attached to it, such as homes or buildings, along with natural resources like growing crops, minerals or water. For millions of Americans, real estate is their largest investment and the single most valuable asset they’ll own. Real estate is a common form of investment, and it can be an excellent way to diversify your portfolio. It can also provide a steady income stream and tax benefits, as well as hedge against market volatility during economic downturns.

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The assessment of property value is a complex process that involves comparing the value of land or buildings to a specific monetary standard or a comparable property. Most jurisdictions require revaluation of real estate every year, though some allow longer intervals between valuation periods.

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Some real estate taxes are ad valorem, meaning that they are based on the monetary value of a property. Others are based on rent, imputed rent or other income streams. Real estate taxes are usually a significant source of revenue for local governments.

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It's important to consider the tax implications when purchasing investment property. For example, depreciation deductions can significantly reduce a property's tax liability over time. Additionally, profits from the sale of a property held for more than a year are considered long-term capital gains and are taxed at a lower rate than earned income.

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