Checking Property Tax Assessments Property tax assessments are troublesome for many people. They wonder how are they arrived at, what do they mean and by what means does one know that they are accurate. The assessment process revolves around understanding the sales ratio. This sales ratio is called by other names in other jurisdictions and […]
Category Archives: Home Valuation
An appraisal is an opinion of value, an estimate of worth. The Federal National Mortgage (FNMA) states, “Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale,(whereby) the buyer and seller, each (are) acting prudently, knowledgeable and assuming the price is not affected by undue stimulus.”
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An appraisal is an opinion of value, an estimate of worth. The Federal National Mortgage (FNMA) states, “Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale,(whereby) the buyer and seller, each (are) acting prudently, knowledgeable and assuming the […]