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town assessment vs. market price on a house
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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town assessment vs. market price on a house
we just saw a house that is listed 110k more than what was on nassauproperty.org. when u make an offer, do you refer/consider to what the town assessed the house at?
any opinions will be great.
TIA
Message edited 5/24/2010 3:38:09 PM.
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Posted 5/24/10 3:33 PM  |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: town assessment vs. market price on a house
Not at all IMO
We didnt when we bought and I would not expect someone to do that when I sell.
That does not take into acct a neighborhood, location of a home in that neighborhood, inside features, supply vs demand, etc.
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| Posted 5/24/10 3:52 PM |
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Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: town assessment vs. market price on a house
i took it into account when we bid as it's one of the few points estimates we could get short of the appraisal. Some of them you could tell were way off though.
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| Posted 5/24/10 4:00 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: town assessment vs. market price on a house
Posted by julybride0706
when u make an offer, do you refer/consider to what the town assessed the house at?
Nope.
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| Posted 5/24/10 7:04 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: town assessment vs. market price on a house
Posted by Salason
i took it into account when we bid as it's one of the few points estimates we could get short of the appraisal. Some of them you could tell were way off though.
Only thing is if you use this as a guide, your offer may not even get accepted so you will have no chance of getting to the appraisal point. Whereas if you did offer not based on this, and the appraisal comes in lower, the sellers may have to lower what they accept from you (if you and many others won't get mortgages based on the higher bid price). kwim?
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| Posted 5/24/10 7:21 PM |
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ashap215
LIF Adult
Member since 8/09 1283 total posts
Name:
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Re: town assessment vs. market price on a house
The town assessment is always WAY off!
Brookhaven is taxing me for a house they say is worth 443,00 and I just got an appraisal that came in at 375,000.
And they still won't lower my taxes! 
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| Posted 5/24/10 7:38 PM |
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