Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Asking More Than Assessment

  Looking to buy a home.
The land and buliding assessment = 212k, but they are asking 346k. What would be a fair offer in a bad housing market.
 
  Instead of considering the tax assessment figure, which is not always a good guide to current market value, get hold of data on how much similar property has sold for recently.  WEb sites like Zillow have that information; so do local real estate brokers.  Base your offer on those figures.
    Edith
Originally published on April 20, 2008
 
    Back to Summary