San Antonio Existing Median Home Price Falls 7% in 2008 - Will 2009 Appraisals Drop? (real estate, renter)

[Paka]

Originally Posted by scuba steve

So my big question is, when do these appraisals come around and what's the timeline for appealing? The 2008 one was already way above the actual value of the house, based on the fact that it was on the market for a year.

According to this site, it is 31 May it looks like.



http://www.bcad.org/PDFs/calendar.pdf

[ged_782]

There are currently two homes for sale on my block, both placed on the market more than six months ago immediately after undergoing renovations. The asking price has been reduced on both from the original listing price, and both are priced below current Zillow.com estimated values. One of them is even priced below 2008 BCAD appraisal!

In light of all of this, it's going to be interesting to see what the 2009 BCAD proposed assessments look like.

[TexasWeatherman]

Originally Posted by hello13685

Yes, and that article reported that these "experts" whose job it is to know the market were the ones shaking their heads in confusion!! That was my major point (other than your ignorance of statistics that all college freshmen learn). So, yes, go ahead and listen to the experts, and the much discredited zillow.com. These companies are there to offer you unbiased information because they and their sponsors stand to gain nothing in an inflated market.

Statistics is for those idiots with the big fancy college degrees. There is no room for that in this forum!

[TexasWeatherman]

Originally Posted by ged_782

There are currently two homes for sale on my block, both placed on the market more than six months ago immediately after undergoing renovations. The asking price has been reduced on both from the original listing price, and both are priced below current Zillow.com estimated values. One of them is even priced below 2008 BCAD appraisal!

In light of all of this, it's going to be interesting to see what the 2009 BCAD proposed assessments look like.

Zillow.com is 100% accurate. I know because I saw it on the internet.

[scuba steve]

Originally Posted by Paka

According to this site, it is 31 May it looks like.



http://www.bcad.org/PDFs/calendar.pdf

Do the 2009 appraisals come in the mail, do I have to keep checking the Bexar County site to get mine? I plan on challenging it as soon as possible.

[Paka]

They will mail it to you...the normally come in Feb if I remember correctly.

[sapphire]

Originally Posted by scuba steve

Do the 2009 appraisals come in the mail, do I have to keep checking the Bexar County site to get mine? I plan on challenging it as soon as possible.

That link says May 15 or as soon as possible after that date, which doesn't give you much time to file a protest by May 31. Looks like they give you 30 days after receipt of the appraisal.

[Steel Man]

Originally Posted by scuba steve

Do the 2009 appraisals come in the mail, do I have to keep checking the Bexar County site to get mine? I plan on challenging it as soon as possible.

They usually come out by early-mid April. However, you might not get one every year as I didn't get one once. A good back-up is their web site as they'll post the new figures about the same time.

I started the 2008 appraisal thread on 4/16/08:

http://www.city-data.com/forum/san-a...008-out-5.html

[scuba steve]

Awesome. I'm looking forward to this after talking to a couple of coworkers that were in the same situation I'm in. The mortgage payment probably won't drop until next year anyway, but that's better than never.

[tekka-maki]

Originally Posted by Steel Man

Read the article about San Antonio existing median home price falling 7% from $150,700 (Dec 07) to $139,900 (Dec 08). I wonder if our 2009 appraisals will reflect this decrease or at least stay the same?

S.A. home-price fall is biggest in decade

man, I hope so. I'm fully expecting BCAD to act as though it was a briliant year though. As I pile into their office with droves of like-minded, informal petitioners this year, I expect to be greeted by decorative wall art that lets me know my house has gone up respectably in value... perhaps 15% since this time last year... of course, selling it at their 'values' is quite another story.