Take Advantage of Property Taxes when helping clients buy their home!
Real estate agents have a significant role to play in helping clients buy properties, and property taxes are an essential aspect to consider. Often, realtors ignore the importance of property taxes and assume that either buyers know all about it or they never ask. However, the reality is that most buyers have limited knowledge of property taxes and depend on their agents to guide them. Understanding property taxes and using them to your advantage can help realtors provide exceptional service to their clients, earn more in commissions, and close more deals.
How to use Property Taxes to your Advantage?
The first step to using property taxes to your advantage is to generate a property tax analysis report for the properties you are prospecting; both the buyer and seller tax reports. This report will provide you with vital information on the property’s assessment, exemptions, and taxes, including any discrepancies or overpayment. You can then compare this information between different properties and advise your clients on the best options. For example, if two properties are located close by and differ only slightly in size, but one has much higher property taxes, you can recommend the lower-taxed property. This can help buyers save money and qualify for better loans with lower monthly payments.
How to negotiate with a seller using Property Taxes?
When negotiating with the seller, having accurate property tax information can be a powerful tool. If the seller’s property is over-assessed, you can inform them of the situation and negotiate a reduction in the listing price. If the seller is unaware of the over-assessment, they might be more willing to compromise, and your client can save thousands of dollars. On the other hand, if the seller’s property is fairly assessed, you can quickly provide the property tax analysis report to the buyers to relieve their fairs that their property taxes are unreasonable.
Additionally, if the property has the potential for a tax appeal, a realtor can ask the seller to appeal the taxes prior to closing. This will save your client money in the long run and demonstrate your commitment to providing them with the best service possible.
Appeal Gifting to your valuable clients
If the buyer is a valuable client, realtors can even gift an appeal to them from our service, saving the client money even after the purchase. Appeal gifting is a much better present than a standard appliance policy and is much cheaper as well. Appeal gifting is available to all our subscribers. Click here to create your account.
In Summary
Property taxes are an essential aspect to consider when buying a property, and real estate agents can use them to their advantage. By generating a property tax analysis report, comparing tax rates between different properties, and negotiating with sellers, realtors can help their clients save money and make informed decisions. By taking the time to understand property taxes, real estate agents can set themselves apart and provide their clients with exceptional service.