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Old 02-26-2008, 11:45 AM
 
Location: the Pacific North West
43 posts, read 244,029 times
Reputation: 48

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I just looked at my 2007 Property Tax Statement and found my "Fair Market Value." Should my asking price be near this? Above or below this? Or does this not have any bearing on what my price should be?
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Old 02-26-2008, 11:51 AM
 
Location: Franklin, Tennessee
250 posts, read 925,429 times
Reputation: 63
Many times, in fact most times, tax records are not accurate in terms of market value for today's market. Taxes are assessed at certain intervals, so your assessment may have been done a year or two years ago...the market has changed many times since then. The best way to price your home is to have an expert (i.e., Realtor) do a price trend analysis of your home and see where it should be priced for TODAY'S market in your area. That's the best way and most accurate method for pricing your property to sell.
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