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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Mon, 28 Feb 2005 13:12:15 -0500
/ Author of the message: "homan4" |
Title of the message: |
Re: What is going on with the market?
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Text of the message: |
I think you are making a mistake by basing your offer on the county tax appraiser. Please let me explain. First the county tax appraisers usually update information on each property only every two years or so, besides, if the property is homesteaded, there is a 3% cap in appreciation, so if they pick a value even 10% higher than the previous year the most they can change the assessment is 3% more per year, so there is little need for accuracy until the property changes hands. The best way to determine value is to determine what similar homes sold for in the last 3-6 months, keeping in mind that properties are appreciating in Florida by 20-25% per year. On a $600,000 home that could be an increase of $60,000 over six months. The next step is to see what comparable homes are selling for in area. Generally a price in the middle of the competing properties is reasonable. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.