Charlie,

Have you made an offer on this home? Did you apply for financing on this home and could not get the full amount?

I get this question a lot! The appraisal is a reflection of current market values, not assessors opinions.

If I understand your question the tax assesors value is $66k and the home is listed @ $87k. Is that correct?

Assessed values almost always lag behind market value - thank God! What matters is the appraised value. Lenders will use the lower of the appraisal or contract amount when valuing a purchase money loan.

Greg Z

Charlie, This is a very strange question. Are you from Washington DC, or Washington state? If the appraised value of the property is $66,000 that is a taxing value and has nothing to do with the selling price. The selling price is determined by the market. If no one will finance the property (?) could it be there is something wrong with the property or with the buyers? Not clear from your question. Would you like to be more specific?