Hi Brian :o)
The assessor's valuation is to determine the taxable value and is not a good determiner of current market value because it is generally older information from a much broader period of time.
The best determiner of current market value is going to be what a willing seller will sell for and a willing buyer will pay. The best ways to discover that approximate value is to have either an appraisal done by an licensed professional appraiser or a Comparitive Market Analysis (CMA) from a Realtor professional.
While I am a Realtor and not an appraiser, I am known for my fairly accurate CMA's and the farthest I have been off from an appraisal on properties I have worked on, even in the recent market, is only a few thousand dollars. While appraisals and CMA's are in reality educated guesses supported by evidence, they are going to be your best tools to help you determine approximate current market values. Of course appraisals are more in depth and cost money, CMA's are a usually a market snapshot, usually free and can sometimes vary widely depending on the expertiese of the Realtor you are using.
If you are not already working with an agent, because it would be unethical otherwise, I would be happy to assist and advise you in your home purchase. You may feel free to contact me.
Brian L. A. Wess
CRS, GRI, ABR, ASR, CSR, e-PRO
RealtorÂ®, Broker Associate
Residential & Investment Specialist
Pat Newell & Associates, Inc - Metro Brokers
Colorado Springs, CO
COLORADO REAL ESTATE...DONE RIGHT!â„¢
Voted "Best Realtor in Colorado Springs 2006 & 2008"
The Independent News Readers Poll: Gold 2006, Silver 2008