Home Buying in Mahwah>Question Details

Ann, Home Owner in 10965

How do I run comps when the agent has a house listed as 4 bedrooms, but the tax assessor says it is 3?

Asked by Ann, 10965 Mon Jun 24, 2013

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Just had that situation a month ago, and unfortunately according to most appraisers, the tax assessor wins out. However, if the extra room has a closet and a bed in it, sometimes the appraiser won't check. Best thing to do is get a mixture of comps with 3 and 4 BRS, price the house realistically and the appraiser will adjust accordingly.
1 vote Thank Flag Link Mon Jun 24, 2013
Good idea to run a combination - but if/when push comes to shove, the tax assessor's view will win unless you can prove otherwise. The presence of a window and closet does not always do the trick if the room is below grade to any degree - with the exception of a bi-level home, where that bedroom on the lower level does count so long as it has that closet and egress. This is all my opinion - check with your agent and the township - you can also ask your agent to chat with an appraiser.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
Web Reference: http://www.FeenickHomes.com
0 votes Thank Flag Link Mon Jun 24, 2013
It is on the main level, no closet. It should really be listed as an office or other, but the agent has listed as a bedroom. Tax assessor said they have it listed as a 3 bedroom plus. I don't think the realtor listed/priced it fairly.
Flag Mon Jun 24, 2013
It will depend if the assessor is correct or the agent is correct, a bedroom needs to be above ground, not in a basement. Have its on door, can not enter through another BR for instance, must have a full window and have heat and a closet. if this is is then its a BR if not use 3 bedrooms.
0 votes Thank Flag Link Mon Jun 24, 2013
The assessor is definitely correct.
Flag Mon Jun 24, 2013
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