BEST ANSWER
FIRST ANSWER
It is a buyers market. There are a lot of homes selling for much less than they would have 2 years ago. But, the tax value of a home is not the market value. We have sold homes recently below tax value, and much more above tax value. You actually want your tax value to be low, that is the value the government offiicals tax you on. To get the true value of your home, ask a Realtor to prepare a comparative market analysis, that will give you a true picture of what is going on in your neighborhood. Also, working with a buyers agent, make sure they also prepare a market analysis for the home you are planning to buy, that gives you a really good feeling about the offer you will be making. There are a lot of really good deals out there, this is the time to buy. Interest rates are at an historic low, and the amount of homes to choose from is enormous.
Wed Sep 2 2009, 10:06