I was looking over a real estate magazine this weekend.
I wanted to see if I could find some houses to compare to our so I could get a rough guess of the value.
I was thinking and hoping for $209K since we decided to sell. My husband swears the value is $259K. After looking at the magazine I think we are actually closer to 199K. I would really like 209K but I think 199K is probubly much more likely.
Sadly I am not going to want to hear what my husband says to the realtor when she says 199K or lower since he is so sure the house is worth 259K and going to sell within days.
Me I was thinking 209K and possibly taking months. I just wanted it sold before August.
We will see once we list. I want to have the house in listing condition before we contact the realtor but of course my husband is antzy so as soon as the broken countertop is replaced we will call.
Okay Correction I will call.
House Value Down :o(
March 29th, 2010 at 06:33 pm
March 29th, 2010 at 06:45 pm 1269888355
Good luck! I hope you owe less than it's worth!
March 29th, 2010 at 06:57 pm 1269889031
Honestly, your situation could be worse.
March 29th, 2010 at 06:59 pm 1269889153
March 29th, 2010 at 08:00 pm 1269892829
March 30th, 2010 at 12:02 am 1269907335
March 30th, 2010 at 03:57 pm 1269964624
In our area of the country our property values are standing fast. Last night I got a city tax assesment for taxes for 2010 and they listed the house at 205,000. Someone come in to do mini inspection in Dec of 2009 since it had been two years since we got the building permit to finish the basement. It was not completed yet so that is what they marked down but 205K unfinished (missing ceiling) is closer to the 209 I had in mind than the 259 my husband had in mind.
Are city tax values usually more than what you can get resale or are they normally close?
We bought in 2007 put down 20% and finished the basement which I figure added 33K to the property value so we are not underwater. We just need to sell for personal reasons.