Buying and Selling Homes - Offer/CounterOffer.... Offer?

[memyselfI]

Originally Posted by Rain Man

As a warning, the assessed prices are often inaccurate by several percent, and if it's undervalued people tend to not appeal it. While it's useful to look up the assessed value, I think it's appropriate to use your judgment based on other homes you're seeing for sale.

However, in a situation like this, it's a good negotiating tool to mention that the assessment is much lower than the asking price.

Exactly, it's not the measure of what the house should be worth but A measure. Our independent appraisal ended up being very close to what the country appraised on this property.