Home Buying in 27616>Question Details

Claire Legra…, Home Buyer in Raleigh, NC

Would like to be contact and would like to know how did you evaluated this property half the price of the taxe value/? Thank you

Asked by Claire Legrand, Raleigh, NC Sat Dec 15, 2012

on your add for property 4137 Landover lane, 27616
Would like to be contact and would like to know how did you evaluated this property half the price of the taxe value/? Thank you

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Answers

3
Joe Ward’s answer
*Wake County assessed real estate values reflect the market value as of January 1, 2008, which is the date of the last county-wide revaluation. Any inflation, deflation or other economic changes occurring after this date do not affect the assessed value of the property and cannot be lawfully considered when reviewing the value for adjustment. The January 1, 2008 values remain in effect until the next county-wide revaluation, which is currently performed every eight years. New accounts created after the 2008 tax year and new construction built after January 1, 2008 are assessed according to the 2008 schedule of values.
0 votes Thank Flag Link Sat Dec 15, 2012
*Wake County assessed real estate values reflect the market value as of January 1, 2008, which is the date of the last county-wide revaluation. Any inflation, deflation or other economic changes occurring after this date do not affect the assessed value of the property and cannot be lawfully considered when reviewing the value for adjustment. The January 1, 2008 values remain in effect until the next county-wide revaluation, which is currently performed every eight years. New accounts created after the 2008 tax year and new construction built after January 1, 2008 are assessed according to the 2008 schedule of values.
0 votes Thank Flag Link Sat Dec 15, 2012
The home was sold as a Short Sale. We were unsuccessful in selling the home as a regular sale due to various factors. Our seller needed to sell so we re-listed as a Short Sale and sold it then. We do a lot of Short Sales and have a program that does provide a higher level of success in completing Short Sales. From start to finish it took well over a year and a half to finally close this property.
0 votes Thank Flag Link Sat Dec 15, 2012
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