Sunday, August 10, 2014

WHAT!?! The Auditor's Value is TOO LOW!

Even if you are not in the market to buy or sell, there aren't any homeowners that do not like to hear good news about the housing market.  Over the past few months I've been reporting some very good news on this blog.  Homes are selling quickly, and selling for very good prices!  

This past week you may have received a note in the mail from the County Auditor (see this article in the Columbus Dispatch).  Eager to see that the value of your home has gone up, you open the small envelope.  

"WHAT!?!?!... My home is worth WAY more than that!" 

Don't panic.  

Here are two things you should know.. 

1.  If it's low, let me know-  Send me an email or use this home value tool on my site and I'll send you back a market analysis.  This will give you a more accurate valuation of your home because... 

2.  The market value for your home is not the same as the Auditor's value-  I sat in a class about a year ago and there was a group of appraisers that stood in front of us and let us know that an appraiser will rarely, if ever, look at the Auditor's site when valuing your home.  Appraiser's will value your home using the same methods that Realtor's do.  Comparing your home with recent activity in your neighborhood is the best way to determine what you could get for your home.  

Take care, 
Scott Morrison

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