Few Beginners’ Questions:
Hello TCI,
How to determine market value of the home?
What “State Equalized Value” means?
For example
Property owed by VA, List Price is 123000
State Equalized Value is 65700
Taxable value is 63700
It is on “Offer Period”. At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted
So what is suggested price should be?
Thank you,
Allergy
Allergy,
"How to determine market value of the home?
What “State Equalized Value” means?"
I am not sure....but the average market value of this size house in in TheState...
...NOT A GREAT COMP...IMHO
"For example
Property owed by VA, List Price is 123000"
The VAs starting bid!
"State Equalized Value is 65700"
THE AVERAGE PRICE, IN STATE, FOR THIS HOUSE!
"Taxable value is 63700"
STATE/COUNTY... appraisers TAX VALUE
"It is on “Offer Period”. At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted"
THE HIGHEST NET TO VA. IS THE WINNER!
"So what is suggested price should be?"
IT'S WHAT YOU THINK IT'S WORTH TO YOU!!!
....as always,
GoodInvesting, Rocky