Home Buying in Glen Allen>Question Details

John Hamill, Home Buyer in Richmond, VA

I'm a new buyer trying to do some research before deciding to buy a house. Given the market conditions, do

Asked by John Hamill, Richmond, VA Mon Apr 14, 2008

you offer below the assessed value or at the assessed value? Area: Glen Allen, VA

Help the community by answering this question:

Answers

2
John...Assessed value has a limited correaltion to market value. An assessment is only a tax basis and is an average of tens of properties. An offer should be based on recent pendings and solds, what you feel it's worth, what you can afford, what work needs to be done, seller's motivation, location,features, ammenities and others for sale. Value is different for every property and perceived differently by every buyer.
Also, if you're getting a mortgage, you'll have an appraisal done by an independent party to insure what you're buying is worth the sales price. Plus, use the resources of an experienced expert in Glen Allen.
0 votes Thank Flag Link Thu Apr 17, 2008
Do not go by the assessed value as the final-be-all point of reference for an offering price. Speak with an experienced, knowledgeable and reputable agent who's very familiar with Glen Allen to get guidance on market values.

If you'd like recommendations on good buyer's agents in Glen Allen, let me know and I can provide those to you.
Web Reference: http://www.LoudounStats.com
0 votes Thank Flag Link Mon Apr 14, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer