Home values
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A discussion on how home values are set. Originally designed for Consumers, it is an explaination of the process.
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Home values
- 1. H OME VALUES H OW DO YOU KNOW IF THE PRICE IS RIGHT ?
- 2. W HO SETS VALUES ? Seller Appraiser CMA Assessor
- 3. H OW ARE THEY SET
- 4. TAX ASSESSMENT P ROPERTY IN ALASKA IS REQUIRED TO BE ASSESSED ( VALUED FOR TAX PURPOSES ) AT FAIR MARKET VALUE .
- 5. CMA U SUALLY FOR THE SELLER R ECENT SALES S IMILAR PROPERTIES
- 6. A PPRAISER R ECENT SALES C OST APPROACH
- 7. S ELLERS W HAT THEY PAID I MPROVEMENTS W HAT THEY OWE L ICENSEE PARENTS , SIBLINGS , AND NEIGHBORS W HAT NEIGHBORS HOUSE SOLD FOR .
- 8. B UYERS W HAT THEY C AN A FFORD I MPROVEMENTS NEEDED PARENTS , SIBLINGS , AND NEIGHBORS O PINION TAX A SSESMENT O THER H OMES S OLD / FOR S ALE
Notas do Editor
- An assessment should be about the same amount as what the owner believes the property would sell for in the open real estate market. (As 29.45.110)
- Competitive Market Analysis(sometimes buyers get these too.) Through tools available through the MLS (Multiple Listing Service)
- Works for the LenderUsually paid for by the Seller in Alaska, Outside is commonly paid by buyer
- CMA