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Old 09-13-2009, 08:35 PM
 
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I may buy another house since the kid has grown up and I hear there are great deals and reductions in prices in the charlotte area. Im wanting to find one priced BELOW the most recent city/county tax estimate. How do I find the tax estimates etc so I can figure my offers first. thanks.
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Old 09-13-2009, 08:46 PM
 
Location: Up above the world so high!
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Quote:
Originally Posted by Nativechief View Post
I may buy another house since the kid has grown up and I hear there are great deals and reductions in prices in the charlotte area. Im wanting to find one priced BELOW the most recent city/county tax estimate. How do I find the tax estimates etc so I can figure my offers first. thanks.
Tax value has nothing to do current value of a home - it's not a good way to look for a "deal".
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Old 09-13-2009, 11:31 PM
 
Location: Charlotte, NC
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You can find it here:
Real Estate Lookup

But I agree w/ Loves.
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Old 09-14-2009, 05:19 AM
 
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Keep in mind the county has not done a revaluation of property values in close 8 years. It's probably not going to reflect reality as some areas are going to be much higher than that figure and others are going to actually be lower. (depending upon location) They were supposed to do a revaluation this year, but the people in expensive homes complained because it would raise their taxes. They want the economy to reduce the value some first, so the county council caved and delayed it. I believe that State law will eventually force their hand however.

You probably will do better to look at sales activity but also keep in mind that property, in general, is still way overpriced in Mecklenburg vs what the long term economy can support. If you buy now, you will only be taking over the expected losses from the current owner who will be happy for you to to do him this favor.
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Old 09-14-2009, 07:01 AM
 
Location: State of Being
35,885 posts, read 67,009,663 times
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Originally Posted by lumbollo View Post
Keep in mind the county has not done a revaluation of property values in close 8 years. It's probably not going to reflect reality as some areas are going to be much higher than that figure and others are going to actually be lower. (depending upon location) They were supposed to do a revaluation this year, but the people in expensive homes complained because it would raise their taxes. They want the economy to reduce the value some first, so the county council caved and delayed it. I believe that State law will eventually force their hand however.

You probably will do better to look at sales activity but also keep in mind that property, in general, is still way overpriced in Mecklenburg vs what the long term economy can support. If you buy now, you will only be taking over the expected losses from the current owner who will be happy for you to to do him this favor.
While it may be true that some properties in the over $400K range may still be overpriced, my analysis of properties under that price point - especially those under $300K - are not overpriced.

When you cannot build a house for the price/sq. ft. of houses now on the market - that's all I need to know as to whether a house is a "bargain" or not.
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Old 09-14-2009, 10:15 AM
 
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Originally Posted by anifani821 View Post
While it may be true that some properties in the over $400K range may still be overpriced, my analysis of properties under that price point - especially those under $300K - are not overpriced.

When you cannot build a house for the price/sq. ft. of houses now on the market - that's all I need to know as to whether a house is a "bargain" or not.
I can tell from your answer you are in real estate SALES...Saying homes under 300k are not overpriced even at the current inflated tax estimate is BS
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Old 09-14-2009, 10:35 AM
 
Location: Union County
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Originally Posted by Nativechief View Post
I can tell from your answer you are in real estate SALES...Saying homes under 300k are not overpriced even at the current inflated tax estimate is BS
That's not what ani is saying at all... you seem fixated on tax estimate and it's a useless number.

Ani is saying that many homes "under 300k" are not overpriced and I would agree with her on that.
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Old 09-14-2009, 10:41 AM
 
Location: State of Being
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Originally Posted by Nativechief View Post
I can tell from your answer you are in real estate SALES...Saying homes under 300k are not overpriced even at the current inflated tax estimate is BS
Oh boy. You can tell that, can you?
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Old 09-14-2009, 10:43 AM
 
Location: State of Being
35,885 posts, read 67,009,663 times
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Originally Posted by MikeyKid View Post
That's not what ani is saying at all... you seem fixated on tax estimate and it's a useless number.

Ani is saying that many homes "under 300k" are not overpriced and I would agree with her on that.
Yep. That is exactly what I am saying. And I stick to what I said earlier. Just figure out the cost per square foot of any property you are considering - and if it is at a cost lower than what you can build the exact property for - you are looking at a bargain. Of course, one has to factor location into that . . .

CHIEF: I am trying to help you here, dude. If you find something for $75 a square foot in a good neighborhood, it doesn't matter what the tax valuation is as far as what you can buy it for or if it is a bargain! Just concentrate on the COST per square foot - factor in lot $$ - and then if you want to check the taxes, go to the charmeck website and find out. But since house value is not relative to tax value at this time . . . using tax assessed value is not gonna give you the answers you need in determining "what is a bargain."
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Old 09-14-2009, 10:48 AM
 
Location: Up above the world so high!
45,270 posts, read 88,302,020 times
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Originally Posted by Nativechief View Post
I can tell from your answer you are in real estate SALES...Saying homes under 300k are not overpriced even at the current inflated tax estimate is BS
Now THAT is funny Let's just say, you are wrong once again
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