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OT - Urgent!!! Need quick real estate input
If a seller is asking $400k for a house now...but 2012 Tax Assessments are 100k less...does that mean the seller is asking WAY over the value of the home?
Sent from my DROID X2 using Forum RunnerDisclaimer: The content posted is of my own opinion.
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Re: OT - Urgent!!! Need quick real estate input
not necessarily. Try zillow.com and enter the address to see market estimates and history
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04-01-2013, 02:42 PM #3Legendary RSR Poster
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Re: OT - Urgent!!! Need quick real estate input
Depends ...
Were there any renovations done to the home since the assessment? Has the area seen an uptick in purchasing of existing homes?
Your agent can answer all of these questions. Or should, I should say. If your agent doesn't know this stuff, I'd recommend getting a new one.
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04-01-2013, 02:42 PM #4
Re: OT - Urgent!!! Need quick real estate input
No. Like said above, Zillow will give you an estimate. My friend, who's in real estate, said they usually run a bit low.
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04-01-2013, 02:43 PM #5
Re: OT - Urgent!!! Need quick real estate input
Oh, you guys and your First World Problems...
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Disclaimer: The content posted is of my own opinion.
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04-01-2013, 02:53 PM #9Legendary RSR Poster
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- Aug 2007
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- Houston, TX Y'all
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- 34,414
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04-01-2013, 03:12 PM #10
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Re: OT - Urgent!!! Need quick real estate input
Because I'm in a somewhat rural area, my county tax assessment is WAY lower than the appraised value of my home. Like half. Which is good. An appraisal and a tax assessment are very different animals.
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04-01-2013, 04:31 PM #12
Re: OT - Urgent!!! Need quick real estate input
During the bubble - ie 2008 - my house had a tax assessment value of $338K. With the bubble bursting the assessment value is now $198K.
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