tax assessment: Drawn by the Future
- 01/25/17 09:09 AM
Tax assessments often arrive in the first couple of months of the year and upon review many home owners want to know how closely it compares to what the home would sell for in the open market. The market is drawn by the future rather than driven by the past. The real estate agent must consider the past to the extent it colors present and future values. And then the professional must move on because the market waits for no one. Fair market value is the price agreed based on an informed and willing buyer and seller under ordinary and usual circumstances. It … (2 comments)
Tax assessments often arrive in the first couple of months of the year and upon review many home owners want to know how closely it compares to what the home would sell for in the open market. The market is drawn by the future rather than driven by the past. The real estate agent must consider the past to the extent it colors present and future values. And then the professional must move on because the market waits for no one.
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