Are tax assessments a good way to determine your home’s value? Some people think that a tax assessment is a home appraisal and therefore gives you your home value. Think this is true?
Let’s find out in this video “Does a Tax Assessment Determine Your Home Value?”:
Tax Assessment vs Appraisal
Some people may think that tax assessments are a way of evaluating a home. However, assessments are actually based on a number of criteria that may not be related to property values, which means they may not necessarily reflect your home’s true value.
Tax assessments are placed by the local government to dictate how much in property taxes should be paid. Appraisals are done in order to determine the market value of a home at a particular time.
Appraisals will determine the value of your home. When a house is under contract, buyers should order an appraisal to ensure that the home value matches what the home is selling for. There are some loans that will not lend over the amount that the home is appraised, even if the house is listed for more than that amount. Talk to your real estate agent about why home appraisals are so important (and also about the differences between your appraisal and tax assessment!).
More Common Questions About Selling a Home
I know you probably have a lot more questions about selling a home and you’re in luck! I have more common questions about selling a home that you can find answers to HERE.
These common questions can include things like can I buy and sell a home at the same time, when is the best time to sell my home, or even at what list price you need to sell your home.
Want more information? Download my Sellers Guide here:
I’m here to help. If you don’t see the answer to one of your home selling questions, reach out to me today! I have plenty of resources and expert tips to help you through the process of selling your home.
Want More Information for Selling Your Home in Birmingham, AL?
Do you have any other questions about selling your home? If you’re looking to sell your home in Birmingham, Alabama then contact me today! Let me help you sell your home in the Greater Birmingham, Alabama area.
💲Want to know what your home is worth? Find out Your Home Value
If you’re new to the Birmingham area and have any questions, please feel free to reach out to Dianna Howell with The Howell Group: 205-568-5435 or dianna.howell@kw.com for information on Pelham, Alabama real estate by Dianna Howell, top listing agent in the Birmingham, Alabama area. Visit our website for more information on the Birmingham area: https://diannahowellrealtor.com/category/lifestyle/
🔑🏡 Want to learn more about the selling process? Then read this article for 6️⃣ easy tips:
https://diannahowellrealtor.com/selling/6-steps-to-selling-a-home/
📕 Read more about the Birmingham area in this post: https://diannahowellrealtor.com/buying/relocating-to-birmingham-al/
Sincerely,
Dianna Howell
The Howell Group of Keller Williams in the Birmingham Alabama area
Top Birmingham Real Estate Agent
