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Homeowners: Do You Know Your Home’s Value?
Homeowners: Do You Know Your Home’s Value?  Checking your Zillow valuation, or thinking your towns assessment gives you a real number, you are sadly wrong.  I had this conversation with a long time friend of mine from college last night.  He is selling the home he grew up in, the home his grandfather and father built and lovingly maintained.  Like many people in their 60's they are not getting the buy in from their children who don't want to live in the family homestead anymore.  Zillow is inaccurate at best, and this is not Zillow's fault, other than not telling the public how they arrive at this usually wildly inflated number.  It is not in their interest to give you anything more than a false impression that they are accurate.  Your town's assessment is based on what the town needs to operate on a yearly basis.  It is not in the interest of the town to raise taxes above the level of sustainability for the town. For this reason the town's assessment in so many areas is below what the market value of the home is.  If you have any questions about this, don't hesitate to reach out.  You do not ... more

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