Voso

I'm a:	Just Looking
Location:	Virginia

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Is % of asking price over tax assessment a good measure of whether a property is overpriced relative to comps?

Asked Sun May 13 2007, 07:52 by Mages99 - 02127 - Market Conditions - 12 answers

Voso answered:

Another way of figuring out the value of home would be to use pre-bubble prices and grow it using an appropriate compounded growth rate -- say anywhere from 5-8% annually -- for more read this: - Sun Nov 4 2007, 16:39

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Is % of asking price over tax assessment a good measure of whether a property is overpriced relative to comps?

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