Im in the market to buy in the johnson city area of tn...when i look at the tax assesor market value is that?

Jorge
Both Buyer and Seller
Johnson City, TN

the same as a fair market retail price?

Answers (5)
Kelsey Barklow
Agent
Johnson City, TN

Hi Jorge, did you find a house to buy in Johnson City? If not, I would be happy to help you find something that meets your needs.

Mon Aug 11 2008, 13:30
Bill Hall
Agent
Johnson City, TN

Hello Jorge, the tax value rarely is the same as what the house actually is going to sell for. Based on several key market indicators & trends within the subject are the factors that will tell you what the real value of any property actually is. Finding an aggressive Realtor in that market area is your best way to get started & save. Call me today!!!

Wed Jul 30 2008, 05:19
Brian Copeland
Agent
Nashville, TN

Keep in mind, additionally, that market value is decided by the buyer rather than the agent, tax record or neighbor's sales. One of the best ways to project a market value (or what a buyer will pay) is by researching specific price points in $25K increments and their history.

Wed Jun 11 2008, 20:43
Gina Garland
Agent
Jonesborough, TN

Thank you Jorge for you question. Tax Assessment isn't the same as market value. As you and your agent compare homes, she will point out many of the upgrades that one home has over another, and these are not reflected in tax assessment. These assessments may be 20% to 40% below market value depending on the upgrades, and remodeling that has been completed. New homes have a closer correlation, but still using tax assessment isn't an accurate measurement of market value in our market.

Wed Jun 11 2008, 18:57
Adelina Rotar,...
Agent
Knoxville, TN
FIRST ANSWER

No, not usually. Fox example, the tax assesor market value is commonly 20% below the fair market value in Knoxville, TN. Before putting in an offer, have your Buyer's Agent, put together a CMA on the home you like. Best Regards,

Adelina Rotar
Realty Executives Associates
865-693-3232

Web Reference: http://www.RotarTeam.com
Fri Apr 4 2008, 13:47

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