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Old 12-29-2008, 11:41 AM
 
152 posts, read 366,034 times
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So, when a person is looking at a house here in SA, if the house is in decent shape (would pass inspection) is it safe to assume that a good sales price for the buyer would be close to the tax-assessed value? Are the sales prices usually in line with those values, or do they come in higher or lower - on average? Does the neighborhood play in to the equation?

Thanks.
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Old 12-29-2008, 11:50 AM
 
Location: San Antonio
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Sales prices are usually higher than the tax assessed values. It's starting to catch up, but you can still assume that the taxed values are lower, which is good.
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Old 12-29-2008, 11:57 AM
 
Location: Seaford, Delaware
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Kevin is a real estate guy, so he knows his stuff. I wanted to add that the best tool to use is the comps. In this current economy and up and down values, the comps will be more accurate than the tax rolls. I don't think SA has suffered the losses that other areas have, but the comps are the best way to determine sales value.
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Old 12-29-2008, 12:17 PM
 
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good infro from both kevin and shane --- we sold our first home in may/june of 2008 --- our taxed value was apx 125k but we sold for 154500 --- we were able to get so much more due to the comps in our neighborhood/area ---

our realtor wanted to list for 149900 but we insisted on asking for 154900 due to the condition of our home ... in the end we sold for 154500 but we did agree to pay 4k of the buyers closing costs, so technically we sold for 150500, which we were still happy with...
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Old 12-29-2008, 01:05 PM
 
152 posts, read 366,034 times
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Where can I find the comp values, or is that something for realtors only?
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Old 12-29-2008, 01:07 PM
 
Location: 78108
667 posts, read 1,406,766 times
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I believe that's a realtors-only tool, it's a search through the sabor system... who knows, maybe there's a search available online now too.. any experts want to provide some real info?
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Old 12-29-2008, 02:16 PM
 
Location: NW San Antonio
2,953 posts, read 8,623,528 times
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Several realtors offer it on their websites, Also if you look at Bexar County tax assessor web you will see he tax value of all the houses around, and can look at that. Also in Sundays' newspaper in the real estate section there is a chart which gives a rough, and I stress Rough estimate of the price per square foot in neighborhoods, here is the latest for sales thru Nov. 08, http://media.mysanantonio.com/documents/SAHousingpricesNov08.pdf (broken link)
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Old 12-29-2008, 03:18 PM
 
Location: San Antonio
4,149 posts, read 9,324,785 times
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Comps are taking all the sold homes that are similar to the one you're looking to buy or sell and figuring the proper price for it. You need to look at similar square footage, age, certain areas, etc. Then you need to adjust up or down for improvements or lack thereof. Realtors have all that info via the MLS. Other sites will show you the price of the homes that are currently for sale, but not the sold prices.
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