assessed value/list price comedy

[CA renter]

[quote=walterwhite]I was under the impression owners were getting their properties reassesed w lowball compa then trying sell at the highest possible comp[/quote]

I’ve seen this, too, and also laugh at the chutzpah of these sellers when they list their homes.
—————-

BG,

I think scaredy is talking about houses that sold during the bubble, and have had their assessments reduced. I’m assuming they specifically asked for the reductions, because they seem larger than what the assessor is reducing nearby assessments by.

IOW, these sellers have likely gone to the assessor with lowball comps, but when they list, all of a sudden they unearth higher comps to justify their prices — though many times, you can’t even find a high comp to justify anything near what they’re asking for.

[scaredyclassic]

It kinda feels like tax evasion

[scaredyclassic]

It kinda feels like tax evasion

[scaredyclassic]

It kinda feels like tax evasion

[scaredyclassic]

It kinda feels like tax evasion

[scaredyclassic]

It kinda feels like tax evasion

[CBad]

Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.

[CBad]

Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.

[CBad]

Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.

[CBad]

Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.

[CBad]

Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.

[UCGal]

[quote=CBad]Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.[/quote]
If you’re looking at newer homes (say 2005 and newer) it’s really easy to check/tell.
– Bought during the bubble, so taxes high
– ask for reassessment to bring taxes down
– try to sell for bubble prices.

You can look at the downtown condos, much of 4S ranch, etc for examples that fit this scenario…

It all comes down to delusional list prices. Sellers can *ask* for any price they want… getting it is another thing.

[UCGal]

[quote=CBad]Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.[/quote]
If you’re looking at newer homes (say 2005 and newer) it’s really easy to check/tell.
– Bought during the bubble, so taxes high
– ask for reassessment to bring taxes down
– try to sell for bubble prices.

You can look at the downtown condos, much of 4S ranch, etc for examples that fit this scenario…

It all comes down to delusional list prices. Sellers can *ask* for any price they want… getting it is another thing.

[UCGal]

[quote=CBad]Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.[/quote]
If you’re looking at newer homes (say 2005 and newer) it’s really easy to check/tell.
– Bought during the bubble, so taxes high
– ask for reassessment to bring taxes down
– try to sell for bubble prices.

You can look at the downtown condos, much of 4S ranch, etc for examples that fit this scenario…

It all comes down to delusional list prices. Sellers can *ask* for any price they want… getting it is another thing.

[UCGal]

[quote=CBad]Are you actually checking to see if these are current reassessments or people with the perk of prop 13? My assessed value and what I could sell for are at extremes and let me tell you, it doesn’t feel like tax evasion. It just feels good; warm and fuzzy like hot chocolate and a blanket on a rainy day. Buy low and enjoy it while it lasts.[/quote]
If you’re looking at newer homes (say 2005 and newer) it’s really easy to check/tell.
– Bought during the bubble, so taxes high
– ask for reassessment to bring taxes down
– try to sell for bubble prices.

You can look at the downtown condos, much of 4S ranch, etc for examples that fit this scenario…

It all comes down to delusional list prices. Sellers can *ask* for any price they want… getting it is another thing.

[Author]

Posts