ajoey02, Home Buyer in Bruceton Mills, WV

Is it normal for someone to list a house for twice the assessed value? Is it insulting to the seller to bid closer to the assessed value of the home?

Asked by ajoey02, Bruceton Mills, WV Sat Jun 15, 2013

This question was asked from this property: http://www.trulia.com/property/3088857352-5423-Hileman-Rd-Br…

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Hi ajoey

I doubt if the seller is going to be insulted.

Most likely the seller will say no, hence prudent for you not to waste your time.

Good luck.
Web Reference: http://www.ruthandperry.com
0 votes Thank Flag Link Sat Jun 15, 2013
The assessed value of a home has nothing to do with market value. The seller is likely to reject an offer at half of what they're asking. If you're going to put in a lowball offer, make sure you accompany it with a list of recent sold comparable homes that show why you're submitting a low offer.

Best wishes.

Jen and Mark Bowman
Keller Williams on the Water
0 votes Thank Flag Link Sat Jun 15, 2013
Gosh, if this is all it take for you to be insulted;
I would hate to throw a whopper at you.

The owner may have an inflated sense of worth for the house,
The owner may have done a lousy job of research for Comps,
The owner may not care if the house sells anytime soon.
You choose.
0 votes Thank Flag Link Sat Jun 15, 2013
Assessed value has NOTHING at all to do with the value of a home. NOTHING at all. It can be close or it can be way off, but assessed value is just a way to equalize the taxes a property paid so they are comparing apples to apples and making an apple pay what the other apples pay rather than a pear. If you are going to offer 1/2 the listed price, you are wasting someones time doing it. The seller is so far out of the realm of reality or you are.

Ask your agent to show you comps that would support the sellers listed price before you make an offer.
0 votes Thank Flag Link Sat Jun 15, 2013
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