The county FCV and Assesment numbers are historical in nature and are far, far out of alignment with what is happening today int he real estate market place. It will take some time for the county to bring these numbers into alignment.

As Carlos says, your agent should be reviewing several factors, not the least of which should be recent sales, time on market etc. Our market is moving so rapidly yesterday's numbers often bear no relationship to what is happening right now.

Mary,

Using the FCV of a property as a measure for an offer is not a good strategy. Those are updated only once a year, so the current value shown may not be too acurate. And even at the time that figure is calculated the exact condition and many features/upgrades might not be taken into consideration. In general that figure shold be used as a guide when presenting an offer.

The offer should be done based on several factors: comparables (jncluding active, pending and solds) adjusted for property condition and upgrades, time on the market, property history, etc... That is always part of the services your agent will be providing to you.

Carlos
ABR - Accredited Buyer Representative
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