But is it overvalued, or undervalued?

 

zillow lists it at like 555k, its been appraised recently by a few different realtors at around 1.1-1.4mil. thats with our rear driveway still not finished and some other things.



i tried to update zillow.com but it didnt take any of the info i gave it into account.



kevin.

 

Damn! Well excuse me, Mr. Hi-roller!



I have found that realtors are pretty optimistic in their pricing these days. Zillow is probably a bit out-of-date, but also more conservative. What's the tax assessment number?



Regardless, that's a huge spread. My house was valued below assessment on zillow, but not by more than about 20%. Our assessments are supposed to reflect market value, and in my opinion, may have even exceeded that.

 

zillow's price is the price assesment for our land alone, and we dont even have an acre.



we bought it in 1985 for $139k w/ a house on it that we simply added to.



kevin.

 

dont go by realtor appraisals..

realistic value imho is what the township appraises it at...

your parents can get this info by looking at the property tax..

 

In Florida that doesn't work, if you have a homestead exemption they can only increase your home value 3% year, there are people here with half million dollar homes and a city appraisal of $30,000

 

pretty close here in jersey... marginal difference of no more than ten percent imo..

the new york home is completely off in that regard...

 

As with ANYTHING, baseball cards, cars, planes, boats, goats, hookers and dope it's worth whatever you can sell it for. If you can't sell it for 500k i dont' care if a realtor, county tax appraisor or Jesus Christ himself tells you it's worth 500k it isn't.



IF you aren't going to sell it then I wouldn't spend a whole lot of time worrying about it. The only other reason it would matter is for tax purposes and good luck getting them to lower your value.

 

I went to school with a guy who worked for the county property appraiser.



He said I could drastically reduce my property taxes by removing all central heat and a/c. So there is a way, but it would be like living in hell.



I'd imagine it'd be easier to just move to hell.

 

What's Texas have to do with this?