Are the homes in camden assessing for what they are listing for? And how do the banks assess a nice home next to abadoned home?

Asked by John Mure, Camden, NJ Sun Mar 24, 2013

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Edith Karoli…, Agent, Winnetka, IL
Mon Mar 25, 2013
I am not quite sure what it is that your asking about

Assessments are for tax purposes....
Appraisals by a bank are for the purpose of according a mortgage loan to a buyer or for
re-financing to a home owner.

Two different things....

The abandoned home next door will strongly come into play if and when putting the home on the market and a potential buyer realizes that the home next door is at the moment an abandoned home, is the
buyer still wanting to buy ?????

Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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