Answers (3)
- Diana Downs, "dianadowns"
- Contributions:96
Assessed value has little to do with market value. Especially in the Bangor area. A good buyer's agent can do a market analysis for you. Compareable sales are much more important to the sale value than town assessments. When I am working with a buyer, the assessed value is not something that I give much weight.
- Ofe Polack, "Ofe Polack"
- Contributions:3373
I would ask my buyer agent to conduct a CMA on the property you are interested in buying, these figures may be more in line with what the buyers will pay. Having said that, keep in mind that few buyers are willing to pay, nowadays, over the assessed value, although it happens.
- Cindy Quinton, "Cindy Quinton"
- Contributions:2444
Honestly, after spending some time evaluating the taxes on different homes in my area, tax appraisals are about the last information that I would use. I think you have to start with what has sold in the area, that is similar first, and make adjustments for differences.
By what factor of the Town assessed value is a good starting Ask price to sell a home? Zip 04441?
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