I am a big fan of using the tax assessors site in your business, not because the tax values reflect what you can sell a property for (because they don’t). Sometimes they are pretty accurate, but in a lot of other cases they aren’t even close.
I have found that to be true especially in the harder hit areas where home values are concerned. The tax assessments are often much higher than what a property can be sold for.
So why is it that I am still a fan?
That’s because it is still a great resource. I use it all the time.
What Can You Learn?
Whenever I get a seller on the phone, the first thing I do is pull up the tax assessors site while I am talking to them. One of the things I like best about it is that you can see a picture of the house. I can get a feel for the type of property it is just by looking at the picture and seeing the exact neighborhood it is in. The listing will also tell me basic information like the age, square footage, the number of baths, whether or not it has a garage, and there will also be a sketch of the property. Read the rest of this entry →