WOW sorry to hear the drop do you have an agent that is assisting you? is the house compd correctly? more curious than anything on the compd value If you dont have to sale have you thought about leasing the house out? . Good luck http://www.lynn911.com... more
I don't have the answer to this. However, I would think there is information in your buyout package. Your County Legislators, or local representatives should also be able to answer your questions or point you in the direction of the information you need. What are your neighbors doing? Have you spoken to them? I would guess that the market bearing price must be paid, and I would consult with a local real estate attorney also.... more
If you want the city (or the jurisdiction) that is taking your home to believe you, you need a third party licensed appraiser to tell you what it is worth. Their findings will stand up in court. Since your talking about hundreds of thousands of dollars, why would you skimp on not getting an appraisal for probably $400? An appraiser is licensed by your state to be an impartial third party to the transaction. You can't get an answer that you can defend reliably from anyone else, period.