D.C. Area Nesties
Goblin Gallup 5k 10/30/11 - 36:46
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Backyard Burn 5 miler 3/11/12 - 1:08:42
Cherry Blossom 10 Miler 4/1/12 - 1:58:22
Wine Country HF 6/2/12 - TBD
Spartan Race 8/25/12 - TBD
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Real Estate assessment compared to market value
does anyone know if there is a worthwhile formula for this? I'm looking at comps (do I REALLY have to include short sales, foreclosures and expired listings) and it's SUCH a range.
Thanks in advance
Goblin Gallup 5k 10/30/11 - 36:46
Turkey Trot 5k 11/24/11 - 35:14
Festival of Lights 5k 12/31/11 - 33:13
Love the Run You're With 5k 2/13/12 - 31:58
Backyard Burn 5 miler 3/11/12 - 1:08:42
Cherry Blossom 10 Miler 4/1/12 - 1:58:22
Wine Country HF 6/2/12 - TBD
Spartan Race 8/25/12 - TBD
Re: Real Estate assessment compared to market value
What are you using it for? To price your house to sell? I'd talk to a real estate agent. The only true indicator of value is what the house actually sells for. And, yes, to some extent foreclosures and short sales are going to influence that. Why wouldn't they?
If you need the market value for a re-fi, the only number that's going to matter is the appraisal.
Goblin Gallup 5k 10/30/11 - 36:46
Turkey Trot 5k 11/24/11 - 35:14
Festival of Lights 5k 12/31/11 - 33:13
Love the Run You're With 5k 2/13/12 - 31:58
Backyard Burn 5 miler 3/11/12 - 1:08:42
Cherry Blossom 10 Miler 4/1/12 - 1:58:22
Wine Country HF 6/2/12 - TBD
Spartan Race 8/25/12 - TBD
I don't think there's a formula for it, and it really depends on what city you're in. In Arlington, for years the two have been very closely tied. (As in, I think the county assessments are updated annually to track changes in the market.)
But yes, in pricing your house to sell you do have to take short sales and such into consideration. Not necessarily price to match, but your'e putting your house into the same market to compete against them.