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Old 01-03-2011, 06:57 PM
 
22 posts, read 37,389 times
Reputation: 15

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Quote:
Originally Posted by Off Topic View Post
The feeling used to be that PVA was 5-10% low. In the new exocomic atmosphere, I think that has reversed. They really should be lowering assessments but obvioulsy that's a tough thing to do since it would crush our tax base.
Uh....NOOO. Their valuation was about 50% off, but in my direction! Never complained when our taxes went up slightly because I knew the value of my home was far more than what they valued it at (bad grammar.)

My point was if someone is looking at the JCPVA and Zillow, etc. they are going to see that the value is one thing (very possibly lower in my case,) than what the Market Value is.
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Old 01-03-2011, 07:09 PM
 
Location: Louisville, KY
522 posts, read 1,484,224 times
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Quote:
Originally Posted by mojolico View Post
Uh....NOOO. Their valuation was about 50% off, but in my direction! Never complained when our taxes went up slightly because I knew the value of my home was far more than what they valued it at (bad grammar.)

My point was if someone is looking at the JCPVA and Zillow, etc. they are going to see that the value is one thing (very possibly lower in my case,) than what the Market Value is.
My point, for which I will be kicked off this forum for, is that people often do not appreciate the value of a good realtor. Buying a house is the biggest expense and investment most of us make. A good realtor is imperative and well worth the money!
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Old 01-03-2011, 07:20 PM
 
22 posts, read 37,389 times
Reputation: 15
You are totally correct! My husband has a big "issue" with the realtor I used to relocate because he thought she was taking advantage of me. However, I was pretty firm with her in what was acceptable as far as meeting our needs. Yes, it is your BIGGEST expense, and you can make demands.

Stay on the Forum.......please don't leave. Your opinions are valued. DISregard the MOD.
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Old 01-03-2011, 07:29 PM
 
Location: Louisville KY Metro area
4,824 posts, read 13,328,716 times
Reputation: 2144
Quote:
Originally Posted by mojolico View Post
Uh....NOOO. Their valuation was about 50% off, but in my direction! Never complained when our taxes went up slightly because I knew the value of my home was far more than what they valued it at (bad grammar.)

My point was if someone is looking at the JCPVA and Zillow, etc. they are going to see that the value is one thing (very possibly lower in my case,) than what the Market Value is.
The PVA can be a useful tool in a property's valuation; however, as with any tool, it can tear up more than it fixes if used improperly.

We are seeing crazy deals out there right now. It takes courage to buy or sell right now, but for those who do, odds are both sides are still winners.
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Old 01-03-2011, 07:41 PM
 
22 posts, read 37,389 times
Reputation: 15
My experience with the JCPVA it is horribly UNRELIABLE in determining property values and can hurt those of us when the are deemed far lower than their Market Value or True Worth.

And yes.....it is a BUYERS' MARKET.
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Old 01-04-2011, 08:26 AM
 
Location: Louisville, Kentucky
1,448 posts, read 4,475,884 times
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Quote:
Originally Posted by mojolico View Post
Just a clarification........I think Zillow and other such public websites get their information about housing valuations from the Jefferson County PVA......which is a bogus! No one should pay any attention to them.
Or at the very least, just consider them a starting point. Nowadays, every single house and every single neighborhood has it's own story. With REO's, short sales, distressed sales, etc., it's almost a buyer's paradise out there. The biggest problem a lot of buyers have is getting qualified for a loan.
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Old 01-09-2011, 11:22 AM
 
2,391 posts, read 4,386,708 times
Reputation: 917
Anyone considering to move anywhere should rent first. This will give you time to look around and see what is out there, what area you'd like to live, before you put your $ down. You shouldn't jump so quick into buying, because you may not be so happy....like Joanie
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Old 01-16-2011, 10:08 PM
 
2 posts, read 2,471 times
Reputation: 10
Quote:
Originally Posted by Sdnib View Post
My husband and I are contemplating a move from Florida to the Louisville area for a transfer with his job in downtown Louisville. We have been looking at Oldham County because of the school ratings (we have three children). We are a sporty family and love the outdoors, we are definately suburb people, we don't want to live in the city, but my husband does not want a long commute to downtown Louisville each day (30 minutes or so would be preffered). Do you have any recommendations for which area may fit us best? We are visiting in February so any recommendations would be great so we can check it out when we come then. Also if realtors want to send me their info I will contact you. We need a 4 bedroom in the 250,000- 325,000 range. Thanks in advance!
Bullitt County has wonderful schools, 30 minutes to Louisville and country atmosphere. Spencer County has a state park, lake and is less than 30 minutes to downtown. I have asked to befriend you and can help once we are able to communicate outside this post.
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