It is a regular sale of a townhome. the last three homes that sold there were all foreclosures/short sales and were priced about 23K lower than my offer (which is in the mid 400K). The appraisal has not come back yet but both me and my Realtor feels it will be anywhere from 10K to 23K lower. we will try to negotiate with the seller, but we got into escrow after going through a 3 way bidding..so there are potential backups…
On what price will the property tax be accessed,? the appraisal value or the price at which we buy
