Asked by Sean Dunham, Tampa, FL • Wed Jan 9, 2013
If a homes assessed value from last year was $75,000 ($20,000 for the land and $55,000 for the improvements) and it was selling for double the assessed value ($145,000), what would be a good initial offer? I realize that assessed values are (almost) always significantly lower than market value, but I am asking because I would not want to submit an offer with an embarassingly low amount? Would say, $120,000 be a good offer in the Tampa Seminole Heights area or is that too low? The average price for similar homes in that neighborhood is $120,000, FYI.
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