25 Essential Tips that Get Vernon and North Okanagan Homes Sold Fast for Top Dollar! (Part 6)
Tip #6 Tax Assessments-What They Really Mean
Tax assessments are sometimes used to assists buyers and sellers of Real Estate to set a baseline of what the home is really worth. Tax assessments generally trend the same direction by neighbourhood and your Realtor can assist you in determining the trend and weather homes should be valued a certain percentage above (or below) the tax assessment. There are always exceptions to the rule where a homeowner individually goes in to make a case of why their assessment is too high (or too low) and successfully has their assessment changed. One of the key items that must be remembered about tax assessments is that it was assessed generally 6-9 months prior to its current market and therefor may not reflect the market conditions. This is why it is important to look at the neighbourhood and the trend between sold prices and tax assessment.
If you are like me and cannot wait for our next blog post or are planning to sell soon please email our office info@okeefe3.com or call 250-545-9039 to receive your full Free report ("25 Essential Tips that Get Vernon and North Okanagan Homes Sold Fast for Top dollar)!
To your Real Estate Success,
Rod O'Keefe
