In my area, central iowa, typically homes typically sell between the assessed value and appraised value. However in the 3rd quarter of this year 21% of all homes sold in the Ames market were sold below assessed value.
All three values have a different approach and therefore are all different.
Unfortunatly this is the best answer I can give you.
Kind of the same here in Austin. If you are a seller you want higher than assessed value and as a buyer you want less. Mucho ads listing 10 to 15 grand below assessed value.
That depends a lot on where you are. In some areas, the assessed value is more than a property would appraise for, whereas in other areas, it can be fifty
to nintety percent of the appraised value. Remember, an assessment is done on a large quanitity of properties by the county at one time, thus the percentages can be off. It is very generalized. An appraisal is done on one specific property, and aimed at finding that one properties fair market value, which is the price that it should sell at based on typical marketing time, which varies from area to area.
In my area, central iowa, typically homes typically sell between the assessed value and appraised value. However in the 3rd quarter of this year 21% of all homes sold in the Ames market were sold below assessed value.
All three values have a different approach and therefore are all different.
Unfortunatly this is the best answer I can give you.
Kind of the same here in Austin. If you are a seller you want higher than assessed value and as a buyer you want less. Mucho ads listing 10 to 15 grand below assessed value.
Good LUCK and HAPPY HOLIDAYS
Hope this helps some
Ted Jr[ Edited by Tedjr on Date 12/16/2003 ]
thanks for your reply guys
That depends a lot on where you are. In some areas, the assessed value is more than a property would appraise for, whereas in other areas, it can be fifty
to nintety percent of the appraised value. Remember, an assessment is done on a large quanitity of properties by the county at one time, thus the percentages can be off. It is very generalized. An appraisal is done on one specific property, and aimed at finding that one properties fair market value, which is the price that it should sell at based on typical marketing time, which varies from area to area.