Posted by: Matt B ®
02/08/2005, 18:19:42
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Very interesting! To be honest, I have never seen this situation. I have seen tax assessments come in much higher or much lower than the market value, but never an actual appraisal coming in higher than market value. How often have you seen this? On how many properties? I'd be really curious to find out what would cause a phenomenon like this. I have seen a TON of appraisals. The ones that differ from the "market value" have been rentals that were appraised based on the income they produce, Are you only looking at rentals? This may explain this. Before saying it is a good idea to mark a property up to this "appraised" value, I'd need more information as to why this happens as well as what type of properties you are looking at. Matt Bowman
Related link: www.REItoolbox.com
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